Wire · operational-macro
Amendment to Taxation Act, Payment and Settlement Systems Act get President's assent
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Fusion42 · 18 August 2026 · Fusion42 review
The Indian President has assented to amendments in the Taxation Act and Payment and Settlement Systems Act, 2007, aiming to attract foreign capital, promote domestic electronics manufacturing, ease use of Indian data centres by foreign cloud firms, and legally enable the government to modify MDR charges on UPI and RuPay transactions.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 18 Aug 2026 and 19 Aug 2026.
◆ ◆ The Wire takeaway
You face a changing payment landscape where the government can now assign MDR charges selectively, making some merchant segments pay for UPI transactions. Fintech firms need to adapt pricing and product plans in India’s evolving payment system environment.
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2 sources · first reported 18 Aug 2026 · latest 19 Aug 2026
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