Wire · operational-macro
Sending Money To Friends, Family Stays 100% Free, No Matter How Large The Transaction
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Fusion42 · 16 September 2026 · Fusion42 review
India's government clarified that all person-to-person UPI transfers remain free regardless of amount, while 96% of person-to-merchant transactions under ₹2,000 or up to ₹1 lakh monthly for small vendors continue to enjoy zero MDR charges. New MDR charges apply only to higher-value merchant payments with caps and specific rates for essential sectors.
This Wire brief sits within Fusion42's coverage of Fintech, and 4 sources have reported it between 15 Sep 2026 and 16 Sep 2026.
◆ ◆ The Wire takeaway
You have a clear window to grow user acquisition in India’s digital payments by marketing free, unlimited UPI transfers. Focus on onboarding small merchants shielded from fees to capture underserved rural and semi-urban customers before new MDR costs apply to larger payments.
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4 sources · first reported 15 Sep 2026 · latest 16 Sep 2026
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