9 August 2026 at 8:16 pm
Summary
The Indian government has clarified that UPI services will remain free for users and most merchant transactions, despite a recent amendment to the Payment and Settlement Systems Act. Nominal Merchant Discount Rate (MDR) charges may apply only to a limited set of high-value merchant transactions in the future, aimed at ensuring UPI's long-term sustainability and growth.
UPI Transactions Remain Free for Consumers and Small Merchants, Confirms Payments Council of India
9 Aug 2026, 8:14 pm · Technology
Government: UPI Stays Free for Users, Most Merchant Transactions
9 Aug 2026, 4:18 pm · technology
Razorpay CEO Joins PhonePe Chief in Backing Free UPI Payments for Consumers Amid MDR Doubts
9 Aug 2026, 4:18 pm · Technology
Government confirms UPI free for citizens, hints at nominal merchant fees
9 Aug 2026, 6:11 am · Government
Government Clarifies UPI MDR: Free for Consumers, Small Merchants; Charges for Select Transactions
9 Aug 2026, 4:22 am · Government Policy
Government Clarifies UPI Person-to-Person Transactions to Remain Free
9 Aug 2026, 4:20 am · Government Policy
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