UPI merchant fee proposal

Your next UPI transaction may be costlier

NEW DELHI/MUMBAI: India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the country's payments laws were introduced in parliament on ‌Tuesday.UPI, one of ⁠the world's ⁠largest real-time payments networks, processed 23.6 billion transactions worth 29.9 trillion rupees ($313.5 billion) in July, according to official data. Walmart's PhonePe ​and Alphabet's Google Pay dominate payments via UPI.Industry executives have long argued that growth in digital payments has become harder ​to sustain b

India paves way for return of merchant fees on UPI; what it means

Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments generally attract an MDR of around 1.5%.

Government may allow fees on UPI payment above Rs 2k

The government may allow a small charge on UPI payments exceeding two thousand rupees. This levy would apply to transactions made to businesses and not individuals. Official estimates suggest this change will impact only five percent of all UPI transactions. Most daily purchases like groceries and taxi fares will remain unaffected by this potential fee. Industry experts anticipate a possible ceiling on the absolute amount charged for these transactions.

UPI payments over Rs 2000: Will you pay more?

SBI, HDFC Bank, BoB Among Biggest Beneficiaries If UPI Merchant MDR Returns

RBI has funds to pay for UPI platform without having to charge merchants, customers

The government has introduced a Bill in Parliament that will allow it to notify the kinds of transactions that can attract such a charge. So far, UPI has been free for merchants and customers

Lok Sabha To Take Up Taxation Amendment Bill 2026 Today: UPI MDR Return, FDI Incentives Proposed

Will UPI remain free to use? | Explained

A new Bill introduced in Parliament has sparked fears that the government will soon allow banks to levy a charge on UPI payments. How much of this is true?

Lok Sabha passes Bill to authorise Govt. to permit banks to levy charges on UPI transactions

The Taxation and other Laws (Amendment) Bill was passed without a debate due to persistent sloganeering by the Opposition over various issues

Merchant charges for UPI soon? LS passes Bill allowing banks to levy fees

This empowers the government to allow banks and other payment service providers to impose charges on transactions conducted through the unified payments interface (UPI) and other electronic payment modes that may be notified.

Will you pay to use UPI? FM Sitharaman clears the air

Nirmala Sitharaman Rejects Jairam Ramesh's UPI Charge Claims, Says MDR Applies Only To Merchants

Don't rewrite UPI policy under US pressure: GTRI

UPI charges: Lok Sabha passes bill for government to make changes

The Lok Sabha has taken a vital step by passing a bill aimed at simplifying tax rules to enhance investment attractiveness. The new legislation abolishes a limitation on specific electronic payment options, allowing banks and providers to charge merchants on transactions. Additionally, the government is empowered to revise the zero-MDR scheme for UPI and RuPay. This initiative is poised to drive advancements in the financial sector’s infrastructure and innovative capabilities.

UPI Charges Only For Merchants, Not Customers: N Sitharaman On New Tax Bill

Nirmala Sitharaman responded to Congress leader Jairam Ramesh on X over UPI charges.

Explained: Will GPay Transactions Soon Be Chargeable In India?

Explained: UPI Payments Remain Free, Here's What The New Bill Actually Changes

UPI to remain free for consumers, says PCI

The Payments Council of India on Friday said Unified Payments Interface (UPI) transactions will continue to remain free for consumers and that small merchants, including kirana stores, will not be charged for accepting digital payments, seeking to allay concerns over reports of possible merchant charges.The clarification comes amid growing debate over the sustainability of India's digital payments ecosystem and discussions around introducing merchant charges for certain categories of businesses."UPI will continue to remain free for consumers, and small merchants will not be charged for accepti

UPI Payments To Remain Free For Consumers, Small Merchants Won't Pay Charges, Says PCI

UPI Will Stay Free For Consumers And Small Merchants: Payments Council

UPI has become a critical piece of national digital infrastructure.

Consumers making payments via UPI will not face any transaction charges, government clarifies

Consumers making payments via UPI will not face any transaction charges, government clarifies

UPI To Remain Free For Consumers, Merchants May Face Small Fee: Centre

"UPI will remain free for citizens," the Ministry said

UPI Payments To Remain Free For Users, Govt May Allow Nominal Merchant Fees Later

Parl clears taxation bill, UPI stays free, says FM

Potential UPI MDR Charges Could Raise Costs For Brokers, Mutual Fund Distributors

‘Not a government issue’: FM Sitharaman explains where UPI MDR charge goes

Nirmala Sitharaman clarified that there will be no Merchant Discount Rate (MDR) charged by the government on UPI transactions. She reassured consumers that for transactions over Rs 2,000, the MDR will be covered by merchants and banks. According to NPCI’s Dilip Asbe, a significant 75 percent of UPI transactions remain unaffected by MDR. Most fees originate from larger businesses that incur higher credit card charges.

SC to hear plea against UPI MDR tomorrow

New Delhi: The Supreme Court will on Monday hear a plea challenging the Centre's decision to impose a Merchant Discount Rate (MDR) on specified UPI person-to-merchant transactions of over Rs 2,000.Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made to merchants through the UPI platform from October 15 while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge.The MDR will be capped at Rs 300 for payments of Rs 75,000 and above.Also read | UPI MDR decision complete

Mobile phone retailers to protest against UPI MDR charges on October 2

Mobile retailers body said retailers will symbolically cover UPI QR Codes with black cloth and refrain from accepting UPI payments on Gandhi Jayanti.

Supreme Court to hear plea against 0.4% MDR on UPI payments above Rs 2,000

Supreme Court to hear plea against 0.4% MDR on UPI payments above Rs 2,000

‘UPI must remain zero MDR’: Mobile retailers announce October 2 protest

Mobile phone retailers across India are set to observe a 'No UPI Day' on October 2. This protest arises against the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000. The All India Mobile Retailers Association highlights additional costs that may impact small retailers significantly. The government insists consumers will not bear the MDR, which will apply starting October 15.

Mobile retailers to observe No UPI Day on October 2 over 0.4% transaction fee

Mobile retailers to observe No UPI Day on October 2 over 0.4% transaction fee

UPI Charge On Stock Market Payments, Here's Who Will Bear The MDR Cost Brokers Or Customers?

Supreme Court seeks Centre's response on plea challenging MDR on UPI payments of over ₹2,000

Supreme Court seeks Centre's response on plea challenging MDR on UPI payments of over ₹2,000

What is legal basis, who is earning? Supreme Court asks government, RBI to explain UPI MDR charge

What is legal basis, who is earning? Supreme Court asks government, RBI to explain UPI MDR charge

Supreme Court Questions Centre And RBI On UPI MDR Fee, Refuses Stay On Rollout

Supreme Court Questions Centre And RBI On UPI MDR Fee, Refuses Stay On Rollout

SC refuses interim stay on MDR for UPI transactions, asks Centre to explain decision

Supreme Court Refuses Stay On UPI Charges Above Rs 2,000. What It Means For You

UPI payments between two individuals will remain free, regardless of the amount involved.

Supreme Court Refuses To Stay Charges For UPI Transactions Above 2,000

The Merchant Discount Rate will be capped at Rs 300 for payments of Rs 75,000 and above

UPI’s ₹500-Crore Cost Sparks Retail Revolt, Mobile Sellers Plan ‘No UPI Day’

If neither a tax nor fee, what is this ‘expropriation’, SC asks govt. on UPI merchant discount rate

Refuses plea by petitioner for interim stay, but issues notice

UPI MDR Relief? Indian Bank May Waive 0.28% Charge On Merchant Payments Above ₹2,000