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Wire · regulatory

Lok Sabha Clears Bill On UPI Charges, Customers Will Not Pay Fees

11 August 2026 · By · Wire by Fusion42

Published

11 August 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at outlookmoney.com →

◆ Verified

Fusion42 · 23 August 2026 · Fusion42 review

The Lok Sabha has passed a bill that prohibits charging customers fees for UPI transactions, ensuring free payments through UPI. This regulatory change affects payment service providers, who may need to adjust their revenue models accordingly.

This Wire brief sits within Fusion42's coverage of Fintech, and 8 sources have reported it between 7 Aug 2026 and 19 Aug 2026.

◆ ◆ The Wire takeaway

The UPI fee ban forces you to rethink revenue streams beyond transaction fees if you are a payments startup in India. Payment processors now need to find alternative income or cost efficiencies to stay profitable.

◆ Coverage

8 sources · first reported 7 Aug 2026 · latest 19 Aug 2026

◆ Related on Wire

◆ Topics

Fintechupipaymentsregulationbankingindia