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UPI MERCHANT FEES
Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...24 Sep, 2026, 09.29 PM IST- MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cashTraders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes...23 Sep, 2026, 09.28 PM IST
- Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...23 Sep, 2026, 06.02 PM IST
- NPCI says GST on UPI MDR will not burden small merchantsNPCI states GST on UPI Merchant Discount Rate is not a burden. Transactions under two thousand rupees have zero MDR and no GST. Over ninety...22 Sep, 2026, 01.24 PM IST
- Big to get bigger: India's UPI fee shift to entrench dominant incumbentsPhonePe and Google Pay could earn about $900 million annually from India’s new UPI merchant fee regime by March 2028, according to Bernstei...22 Sep, 2026, 12.51 PM IST
- UPI charges could reverse digital payments gains, push users back to cash, says ex-NITI VC Rajiv KumarFormer NITI Aayog vice-chairman Rajiv Kumar has urged the government to keep UPI merchant payments free for a few more years, warning that ...21 Sep, 2026, 03.18 PM IST
- 'Everything on record': Parliamentary Finance panel chief defends unanimous Standing Committee report amid UPI MDR rowBhartruhari Mahtab defended the finance committee's report on Demands for Grants. Congress MP Manish Tewari rejected claims of opposition s...19 Sep, 2026, 10.31 AM IST
- NITI Aayog VC defends UPI merchant fee, says businesses must be self-sustainableNITI Aayog defends the government's UPI transaction fee decision. Businesses must become sustainable without relying on government subsidie...18 Sep, 2026, 07.53 PM IST
- UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to knowUPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced f...17 Sep, 2026, 05.21 PM IST
- Zero MDR charge: 7 UPI transactions where you don't need to pay any feeStarting from October 2026, a new Merchant Discount Rate framework will be introduced for specific UPI transactions. This framework is desi...17 Sep, 2026, 05.21 PM IST
- UPI MDR could create Rs 27,000 crore revenue pool by FY28: BernsteinA 40-basis-point MDR on UPI transactions could create a large revenue pool. Issuing banks and UPI apps will receive substantial portions of...17 Sep, 2026, 01.13 AM IST
- MDR could push small merchants, price-sensitive consumers back towards cash: GTRIEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4 per cent MDR with an overall cap of Rs 300. Besides...16 Sep, 2026, 08.01 PM IST
- Return of MDR a key step towards making UPI sustainable and enabling further growth: ExpertsEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...16 Sep, 2026, 07.33 PM IST
- UPI transactions above Rs 2,000 to attract 0.4% MDR; check key detailsNPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...16 Sep, 2026, 06.37 PM IST
- Explainer -- India's UPI MDR shake-up: What changes and why it mattersIndia will soon introduce a merchant discount rate on UPI payments. This fee applies to transactions exceeding two thousand rupees with mer...16 Sep, 2026, 06.35 PM IST
- UPI fee: Why govt is putting a price on big merchant paymentsThe National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resi...16 Sep, 2026, 01.22 PM IST
- UPI Charges Explained: Will you pay a fee for Rs 2,000+ UPI payments? Government clarifies what users need to knowUPI Payment Charges Rules: Ordinary UPI users will not pay transaction fees for payments above Rs 2,000. Person-to-person UPI transactions ...15 Sep, 2026, 08.43 PM IST
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