Wire · regulatory
Lok Sabha Clears Bill On UPI Charges, Customers Will Not Pay Fees
◆ Sectors
◆ Geography
◆ Source
◆ 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 22 sources have reported it between 7 Aug 2026 and 16 Sep 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
22 sources · first reported 7 Aug 2026 · latest 16 Sep 2026
◆ Related on Wire
◆ Topics