UPI still free, but there's a catch: Who ultimately pays & could cash make a comeback?

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Times of India
UPI still free, but there's a catch: Who ultimately pays & could cash make a comeback?WorldPing
Image via Times of India.

What happened

Recent updates to UPI regulations have introduced a Merchant Discount Rate for certain transactions.

While consumers will not incur any fees for their UPI payments, merchants will face a 0.4% charge on transactions above two thousand rupees.

Key facts

  • While consumers will not incur any fees for their UPI payments, merchants will face a 0.4% charge on transactions above two thousand rupees.
  • Reported by Times of India and published Wed, 16 Sep 2026 13:59:11 UTC.

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Sources

The original report was published by Times of India. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Times of India

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