Brief by Shorts91 Newsdesk / 06:18pm on 08 Aug 2026,Saturday India
The government has clarified that UPI payments will remain free for users, even as a new law allows charges to be introduced on some transactions. Person-to-person payments will continue to have no fees, while most merchant transactions will also remain free. The government said a nominal, threshold-based Merchant Discount Rate (MDR) could be introduced for a limited group of merchant payments in the future. It said the move is aimed at supporting UPI’s long-term sustainability, cybersecurity, fraud prevention and infrastructure upgrades. The government also rejected claims of external influence, calling them “unfounded, completely false and misleading.” (PC: India Today)
