[{"data":1,"prerenderedAt":319},["ShallowReactive",2],{"story-210786-en":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":9,"content":59,"questions":60,"relatedArticles":85,"body_color":317,"card_color":318},"210786",null,"India UPI Merchant Fees 0.3-0.5% | $1B Payment Cost Impact for 550M Users","- Introduces 0.3-0.5% MDR on transactions above 2,000 rupees for large merchants; affects 550M+ UPI users and cross-border sellers accepting Indian payments",[],[10,11,12,13,14,15,16,13,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58],"https://d3jde0c4xcko0v.cloudfront.net/production/14-08-26/news/60g4r5mssjqnsoupi.webp","https://www.thehindubusinessline.com/theme/images/og-image.png","https://bsmedia.business-standard.com/_media/bs/img/article/2025-11/21/full/1763745234-15.jpg","https://bsmedia.business-standard.com/_media/bs/img/article/2026-08/14/full/1786726605-8477.jpg","https://media.openthemagazine.com/openthemagazine/2026-08-11/vp2090bf/lekha1.jpeg?w=640&auto=format,compress&q=80","https://static.toiimg.com/thumb/msid-133155950,imgsize-569029,width-400,height-225,resizemode-4/133155950.jpg","https://m.thewire.in/sortd-service/imaginary/v22-01/jpg/large/high?url=dGhld2lyZS1pbi1wcm9kLXNvcnRkL21lZGlhNjM4NzkxNDAtOTk0OC0xMWYxLWI2ZWYtOTUxNDBlNzJjM2VmLmpwZw==","https://assets.bwbx.io/images/users/iqjWHBFdfxIU/in5lO8JphSg4/v0/-1x-1.webp","https://knnindia.co.in/uploads/newsfiles/UPI-10-8-2026.jpg","https://etimg.etb2bimg.com/thumb/msid-133198709,width-1200,height-900,resizemode-4/.jpg","https://blog-images.scconline.com/blobblogscconl28830c17bf/blog/wp-content/uploads/2026/08/No-Charges-for-UPI-Users-440x293.webp","https://ichef.bbci.co.uk/ace/standard/1024/cpsprodpb/24fa/live/99afa110-96e4-11f1-9b96-77d3dc534330.jpg","https://staticprintenglish.theprint.in/wp-content/uploads/2026/08/UPII.jpg","https://media.licdn.com/dms/image/sync/v2/D4D27AQHwIrrCsNnTAA/articleshare-shrink_800/B4DZ_484JGJUAY-/0/1786588136447?e=2147483647&v=beta&t=F87FeB4ZkorcC2-1_1PD5oo_5Ol-b06uAtc48MCreKA","https://images.moneycontrol.com/static-mcnews/2026/05/20260501081227_upi-bio.jpeg?impolicy=website&width=1600&height=900","https://cdn.cafemutual.com/images/article_8082413356a7cba5137d2e_115172564_0228638001786559057_zA.jpeg","https://www.thefinancialworld.com/wp-content/uploads/2026/08/Edit-20-Funding-UPI-is-fine-but-trust-remains-key-730x430.png","https://cdn.optcms.com/www.indianewsnetwork.com/assets/2026/202608/20260811-img-20260811-a0e7bb87ffde036a.jpg","https://bsmedia.business-standard.com/_media/bs/img/article/2026-08/13/full/1786639499-9369.jpg","https://th-i.thgim.com/public/incoming/xjfdz9/article71352051.ece/alternates/LANDSCAPE_1200/iStock-2252308970.jpg","https://the420.in/wp-content/uploads/2026/08/upi-rupay.jpeg","https://hermes.media.static.aol.com/media/2026/08/16/80360fd7-9b9b-3f58-8cc9-169d5f62d84a/2aa4da53-2bd7-40d1-8d6b-c208731ba608.jpg","https://aamaadmiparty.org/wp-content/uploads/2026/08/WhatsApp_Image_2026-08-05_at_5_1rrMQQF.09.38_PM_Cropped.jpg","https://s3.ap-south-1.amazonaws.com/media.thesouthfirst.com/wp-content/uploads/2026/08/iStock-1442543641.jpg","https://www.caclubindia.com/img/preview/articles/20260808175144_upi2000.jpg","https://the-ken.com/wp-content/uploads/2026/08/balouriarajesh-water-48876471920-1.jpg","https://www.tbsnews.net/sites/default/files/styles/amp_metadata_content_image_min_696px_wide/public/images/2021/01/30/india_economy_rupee_flag.jpg","https://i.ytimg.com/vi/j-tcMlSQMxU/maxresdefault.jpg","https://img.etimg.com/thumb/msid-133155783,width-1200,height-900,imgsize-42752,resizemode-8,quality-100/tech/technology/upi-fee-should-vary-by-merchant-size-and-sector-payu-india-ceo.jpg","https://cf-images.assettype.com/newindianexpress/2026-08-08/mnv91v2s/202608083896605.jpg?w=1200&h=675&auto=format%2Ccompress&fit=max&enlarge=true","https://www.livemint.com/lm-img/img/2026/08/10/1600x900/maxresdefault_1786371608839_1786371615155_470d2629-b11c-4e08-9519-d38f3429a9e1.jpg","https://media.assettype.com/deccanherald%2F2026-08-10%2Ffp1xckq3%2FiStock-1602205754.jpg?rect=1%2C0%2C1182%2C665&w=undefined&auto=format%2Ccompress&fit=max","https://m.economictimes.com/thumb/msid-133105145,width-1200,height-900,resizemode-4,imgsize-112868/monsoon-session-of-parliament.jpg","https://data1.ibtimes.co.in/en/full/835885/no-fee-upi-transactions-sitharaman-clarifies-government-hold-psb-confluence-august-17-18.jpg?h=450&l=50&t=40","https://www.orissapost.com/wp-content/uploads/2025/04/parliamentary-committee.png","https://ichef.bbci.co.uk/news/480/cpsprodpb/24fa/live/99afa110-96e4-11f1-9b96-77d3dc534330.jpg.webp","https://www.tribuneindia.com/sortd-service/imaginary/v22-01/jpg/large/high?url=dGhldHJpYnVuZS1zb3J0ZC1wcm8tcHJvZC1zb3J0ZC9tZWRpYTE3ZTM3NzUwLTk4NDMtMTFmMS1iNmVmLTk1MTQwZTcyYzNlZi5qcGc=","https://hindupost.in/wp-content/uploads/2026/07/1776164593Web_Photo_Editor-29-2026-02-09bc511242adebafcb1278614a375ce4.webp","https://thekanal.in/_next/image?url=https%3A%2F%2Fkanalprod.blr1.digitaloceanspaces.com%2Fassets%2F8c638484-483e-4fa1-8195-11bd81a1a943.jpg&w=3840&q=75","https://www.livelaw.in/h-upload/2023/09/28/1500x900_495208-parliament.webp","https://th-i.thgim.com/public/incoming/2er02t/article71329684.ece/alternates/LANDSCAPE_1200/DSC_5839.JPG","https://media.fortuneindia.com/fortune-india/2026-02-01/nve8mbkb/FM-post-budget-pc-0Y7A6831-copy.jpg?auto=format,compress&format=webp&w=1200&h=675&dpr=1.0&q=90&fit=cover","https://akm-img-a-in.tosshub.com/indiatoday/images/story/202608/upi-news-111124653-16x9_0.png?VersionId=30D_9.a0ELgqpVshxjsUpRR112DIDvxM&size=1280:720","https://images.ft.com/v3/image/raw/ftcms%3A05293169-c8ed-490e-b450-5b0b026c18f9?source=next-article&fit=scale-down&quality=highest&width=1440&dpr=1","https://bsmedia.business-standard.com/_media/bs/img/article/2026-05/17/full/1779032682-0627.jpg","https://images.news18.com/ibnlive/uploads/2026/08/1785865531_UPI-Fee-Return-Government-Moves-Ahead-With-Plan-to-Introduce-Merchant-Charges-4-2026-08-d039454c289e02c3336266f8fb25c57f.jpg","https://s3.ap-south-1.amazonaws.com/media.thesouthfirst.com/wp-content/uploads/2024/03/UPI-Logo.jpg","https://cdn.finshots.app/images/2026/08/MDR-FS--1-.jpg","https://cdn.prod.website-files.com/6638f8a6eb6d568220f98b00/6a7b3e96d756872814fe5ae2_bf76e957-1024-47ee-a1c1-6b00a681b7e8-1786458553566.jpeg","India's proposed introduction of merchant discount rates (MDR) of 0.3-0.5% on **Unified Payments Interface (UPI)** transactions above 2,000 rupees marks a critical inflection point for the world's largest digital payments network. Since its 2016 launch, **UPI** has processed 23.6 billion transactions worth 29.87 trillion rupees in July alone, serving 550+ million users across 11 countries through competing apps like **Google Pay** and **PhonePe**. This fee structure targets high-value transactions at large retailers—representing only 4% of merchant payment volumes but 67% of transaction value—potentially generating up to $1 billion in annual revenue for banks and payment providers.\n\nFor cross-border e-commerce sellers, this represents a fundamental shift in payment economics for India's market. The proposed fees directly impact sellers operating on Indian marketplaces or accepting UPI payments from Indian customers, effectively increasing payment processing costs by 0.3-0.5% on high-ticket transactions. Small merchants operating on thin margins face the greatest risk, particularly in developing districts where payment networks remain nascent. The Reserve Bank of India governor acknowledged that infrastructure costs must be borne by someone, as UPI's decade-long free model was subsidized through government compensation to banks and payment firms.\n\n**Brazil's Pix system** demonstrates a viable alternative model: free individual payments with low-cost business charges, serving 140 million people and 14 million companies. This suggests India could adopt a tiered approach balancing sustainability with merchant adoption. The critical challenge lies in designing fees that sustain UPI's infrastructure without discouraging adoption among informal traders and small businesses essential to network expansion. Economist research by Abhinav Motheram and Sharon Buteau indicates merchant acceptance was a key driver of UPI adoption—not merely a consequence—meaning fee introduction risks dampening the very merchant participation that fueled UPI's explosive growth.\n\nFor sellers, this creates immediate payment cost pressures on India-focused operations while opening opportunities to optimize payment routing, negotiate volume-based exemptions with payment providers, and explore alternative payment methods for consumer transactions (which remain fee-free). The 0.3-0.5% fee on high-value transactions could compress margins by 15-30 basis points for sellers processing significant Indian rupee volumes, requiring immediate cost structure review and potential pricing adjustments.",[61,64,67,70,73,76,79,82],{"title":62,"answer":63,"author":5,"avatar":5,"time":5},"Which seller segments face the highest risk from UPI merchant fees?","Small merchants operating on thin margins face the greatest risk, particularly those in developing districts where payment networks remain nascent. Sellers of high-ticket items (electronics, home goods, luxury products) with average transaction values above 2,000 rupees will experience immediate fee impact. Informal traders and small businesses essential to UPI's network expansion are most vulnerable to fee-driven adoption decline. Large retailers representing 4% of merchant payment volumes but 67% of transaction value will absorb fees more easily due to scale advantages. Sellers with margins below 5% require urgent pricing or cost restructuring to maintain profitability.",{"title":65,"answer":66,"author":5,"avatar":5,"time":5},"What payment routing strategies can sellers use to minimize UPI fee impact?","Sellers can implement tiered payment strategies: encourage UPI for transactions below 2,000 rupees (fee-free), offer alternative methods for high-value purchases (credit cards, net banking, digital wallets with different fee structures). Negotiate volume-based exemptions with payment aggregators like Google Pay and PhonePe, which may offer merchant discounts for high-volume sellers. Consider splitting large transactions into multiple smaller payments below the 2,000 rupee threshold, though this risks customer friction. Explore emerging payment methods and regional payment systems that may offer competitive fee structures. Monitor Reserve Bank of India policy evolution, as Brazil's Pix model suggests fees may eventually decrease as infrastructure costs stabilize.",{"title":68,"answer":69,"author":5,"avatar":5,"time":5},"How does India's UPI fee proposal compare to Brazil's Pix payment system?","Brazil's Pix demonstrates a successful tiered model: free individual payments with low-cost business charges, serving 140 million people and 14 million companies. India's proposed 0.3-0.5% MDR on transactions above 2,000 rupees follows a similar philosophy but with higher fee rates. Pix's success shows that merchants accept modest fees when infrastructure is reliable and consumer adoption is high. India's challenge is designing fees that sustain UPI's infrastructure without discouraging adoption among informal traders and small businesses essential to network expansion, particularly in developing districts where payment networks remain nascent.",{"title":71,"answer":72,"author":5,"avatar":5,"time":5},"What immediate actions should sellers take regarding UPI merchant fees?","Sellers should immediately audit their India transaction volumes by payment method and transaction size to quantify fee exposure. Within 30 days, review pricing strategies for products typically purchased above 2,000 rupees and model margin impact scenarios. Consider negotiating volume-based fee exemptions with payment providers like Google Pay and PhonePe, which operate on UPI's shared infrastructure. Explore alternative payment methods that remain free (P2P transfers, cash on delivery) for high-value transactions. Monitor Reserve Bank of India announcements for final fee implementation timelines and regulatory details that may affect compliance requirements.",{"title":74,"answer":75,"author":5,"avatar":5,"time":5},"Which payment methods will remain free under India's new UPI fee structure?","Consumer-to-merchant and person-to-person (P2P) UPI payments will remain completely free under the proposed structure. Only merchant transactions above 2,000 rupees at larger retailers will incur the 0.3-0.5% MDR. This means sellers can encourage customers to use UPI for smaller purchases without fee impact, while high-value transactions will carry costs. The tiered approach mirrors Brazil's Pix system, which successfully maintains free individual payments while charging low-cost business rates, serving 140 million people and 14 million companies.",{"title":77,"answer":78,"author":5,"avatar":5,"time":5},"What is the financial impact of 0.3-0.5% UPI fees on seller margins?","A 0.3-0.5% merchant discount rate compresses seller margins by 30-50 basis points on affected transactions. For a seller processing 100,000 rupees in daily high-value UPI transactions, this represents 300-500 rupees in daily costs (approximately $3.60-6 USD). Monthly impact ranges from 9,000-15,000 rupees ($108-180 USD) for moderate-volume sellers. For sellers with thin margins (5-10%), this fee structure reduces profitability by 3-10%, requiring immediate pricing adjustments or operational cost reductions to maintain target margins.",{"title":80,"answer":81,"author":5,"avatar":5,"time":5},"What are the proposed UPI merchant fees in India and who pays them?","India's government has proposed a merchant discount rate (MDR) of 0.3-0.5% on UPI transactions above 2,000 rupees at larger merchants, while keeping consumer and person-to-person payments completely free. The fee targets high-value transactions at large retailers, which represent only 4% of merchant payment volumes but 67% of transaction value. This structure could generate up to $1 billion in annual revenue for banks and payment providers. Sellers accepting UPI payments from Indian customers will bear these costs directly, compressing margins by 15-30 basis points on high-ticket transactions.",{"title":83,"answer":84,"author":5,"avatar":5,"time":5},"How will UPI merchant fees impact cross-border sellers operating in India?","Cross-border sellers accepting UPI payments from Indian customers face immediate payment cost increases of 0.3-0.5% on transactions above 2,000 rupees. For sellers processing significant Indian rupee volumes, this translates to measurable margin compression. The fee structure particularly impacts sellers of high-ticket items (electronics, home goods, luxury products) where transaction values exceed 2,000 rupees. Sellers must immediately review their India-focused pricing strategies and consider whether to absorb costs, pass them to consumers, or optimize payment routing through alternative methods that remain fee-free.",[86,91,95,100,104,109,113,118,122,127,131,136,140,144,148,152,156,160,164,168,172,176,180,184,188,191,195,199,203,207,211,215,219,224,228,232,236,241,245,249,253,257,261,264,268,272,276,280,284,288,292,296,300,304,308,312],{"id":87,"title":88,"source":89,"logo":24,"time":90},1400418,"UPI growth slows 10 percentage points in FY27 amid MDR debate","https://www.moneycontrol.com/technology/upi-growth-slows-10-percentage-points-in-fy27-amid-mdr-debate-article-13999138.html","8D AGO",{"id":92,"title":93,"source":94,"logo":20,"time":90},1400419,"No Charges on UPI Payments: Government Clarifies What the PSS Act Amendment Really Means","https://www.scconline.com/blog/post/2026/08/10/no-charges-upi-users-government-clarifies-mdr",{"id":96,"title":97,"source":98,"logo":23,"time":99},1400410,"UPI costs: Govt weighs MDR revival, tiered incentives to cut subsidy burden- Moneycontrol.com","https://www.linkedin.com/posts/moneycontrol_upi-costs-govt-weighs-mdr-revival-tiered-activity-7493505426282676224-Pj46","5D AGO",{"id":101,"title":102,"source":103,"logo":37,"time":90},1400411,"Is Free UPI Coming To An End: Parliament Just Opened The Door To Charges | Markets Today #277","https://upstox.com/news/market-news/latest-updates/is-free-upi-coming-to-an-end-parliament-just-opened-the-door-to-charges-markets-today-277/video-198388",{"id":105,"title":106,"source":107,"logo":30,"time":108},1400412,"Delay in UPI MDR Framework Threatens Cybersecurity Investments, Warns Parliamentary Panel","https://the420.in/parliamentary-panel-upi-mdr-delay-cybersecurity-investment-warning","6D AGO",{"id":110,"title":111,"source":112,"logo":18,"time":90},1400413,"UPI Policy Should Remain Independent Of US Influence: GTRI","https://knnindia.co.in/news/newsdetails/sectors/upi-policy-should-remain-independent-of-us-influence-gtri",{"id":114,"title":115,"source":116,"logo":5,"time":117},1400414,"Video | UPI Payments News | Will Consumers Have To Pay More On UPI Transactions? FM Clarifies","https://www.ndtv.com/video/will-consumers-have-to-pay-more-on-upi-transactions-fm-clarifies-1141132","7D AGO",{"id":119,"title":120,"source":121,"logo":51,"time":90},1400415,"UPI is free for users; no MDR on chaiwala, sabjiwala, thelewala, says FM Sitharaman","https://www.fortuneindia.com/economy/upi-is-free-for-users-no-mdr-on-chaiwala-sabjiwala-thelewala-says-fm-sitharaman/153130",{"id":123,"title":124,"source":125,"logo":48,"time":126},1400416,"Government Weighs Merchant Charges as UPI Faces a ₹20,700 Crore Funding Gap","https://thekanal.in/en-IN/details/government-weighs-merchant-charges-as-upi-faces-a-20700-crore-funding-gap-83486","2D AGO",{"id":128,"title":129,"source":130,"logo":52,"time":108},1400417,"UPI became India's invisible lifeline. Now, who should pay for it?","https://www.indiatoday.in/business/story/upi-mdr-charges-rs-2000-debate-large-small-merchants-pay-not-consumers-explained-2968583-2026-08-12",{"id":132,"title":133,"source":134,"logo":45,"time":135},1400384,"India built the world's biggest digital payments miracle. Now comes the bill","https://www.bbc.com/news/articles/c8xnwqe00v1o","1D AGO",{"id":137,"title":138,"source":139,"logo":27,"time":117},1400385,"Assessing UPI's Role in India's Economic Policy Changes","https://www.indianewsnetwork.com/en/assessing-upi-role-india-economic-policy-changes-20260811",{"id":141,"title":142,"source":143,"logo":32,"time":90},1400386,"Modi Govt is Pushing People Into Inflation Under Trump’s Pressure: Sanjay Singh","https://aamaadmiparty.org/aap-news/modi-govt-is-pushing-people-into-inflation-under-trumps-pressure-sanjay-singh",{"id":145,"title":146,"source":147,"logo":11,"time":117},1400387,"Letters to Editor","https://www.thehindubusinessline.com/opinion/letters/letters-to-editor/article71333305.ece",{"id":149,"title":150,"source":151,"logo":38,"time":117},1400420,"UPI fee should vary by merchant size and sector: PayU India CEO","https://m.economictimes.com/tech/technology/upi-fee-should-vary-by-merchant-size-and-sector-payu-india-ceo/articleshow/133155783.cms",{"id":153,"title":154,"source":155,"logo":33,"time":117},1400429,"Towards a sustainable UPI: How India’s digital payment revolution can reinvent itself","https://thesouthfirst.com/opinion/towards-a-sustainable-upi-how-indias-digital-payment-revolution-can-reinvent-itself",{"id":157,"title":158,"source":159,"logo":22,"time":117},1400388,"Free UPI was a policy success and an economic distortion","https://theprint.in/opinion/free-upi-was-a-policy-success-and-an-economic-distortion/3011394",{"id":161,"title":162,"source":163,"logo":34,"time":90},1400421,"UPI Payments Above Rs 2000 May Not Stay Free Forever: What the New Law Really Means","https://www.caclubindia.com/articles/upi-payments-above-rs-2000-may-not-stay-free-forever-what-the-new-law-really-means-56061.asp",{"id":165,"title":166,"source":167,"logo":41,"time":90},1400389,"UPI success is a model to preserve","https://www.deccanherald.com/opinion/editorial/upi-success-is-a-model-to-preserve-4106386",{"id":169,"title":170,"source":171,"logo":5,"time":117},1400422,"Exploring Hidden 'TRUMP FACTOR' In India's New UPI Fees Debate? | The American Lobby Angle Explained","https://www.livemint.com/videos/exploring-hidden-trump-factor-in-indias-new-upi-fees-debate-the-american-lobby-angle-explained-11786448071550.html",{"id":173,"title":174,"source":175,"logo":56,"time":90},1400423,"Government move to levy charges on UPI transactions: How does it affect common users","https://thesouthfirst.com/beyond-south/government-move-to-levy-charges-on-upi-transactions-how-does-it-affect-common-users",{"id":177,"title":178,"source":179,"logo":25,"time":108},1400424,"Proposed UPI charge on transactions may raise cost of investing in mutual funds","https://cafemutual.com/news/industry/38500-proposed-upi-charge-on-transactions-may-raise-cost-of-investing-in-mutual-funds",{"id":181,"title":182,"source":183,"logo":14,"time":117},1400425,"Don’t Let Monetisation Undo UPI’s Inclusion Gains: Lekha Chakraborty","https://openthemagazine.com/india/dont-let-monetisation-undo-upis-inclusion-gains-lekha-chakraborty",{"id":185,"title":186,"source":187,"logo":5,"time":117},1400426,"Seamless digital payments have a price","https://indianexpress.com/article/opinion/editorials/upi-mdr-charges-digital-payments-10827030",{"id":189,"title":133,"source":190,"logo":21,"time":135},1400427,"https://www.bbc.co.uk/news/articles/c8xnwqe00v1o",{"id":192,"title":193,"source":194,"logo":53,"time":117},1400428,"India to allow charges on wildly successful digital payment system","https://www.ft.com/content/243e39bd-089a-4977-9383-962d9095d9d0?syn-25a6b1a6=1",{"id":196,"title":197,"source":198,"logo":5,"time":90},1400391,"Someone has to pay for UPI. How do we decide who?","https://indianexpress.com/article/opinion/columns/someone-has-to-pay-upi-cash-mdr-merchants-trump-india-us-trade-10826340",{"id":200,"title":201,"source":202,"logo":16,"time":126},1400392,"Indians Switching to Cash Transactions, Using UPI Less Since Govt’s Merchant Fee Announcement: Report","https://thewire.in/economy/indians-switching-to-cash-transactions-using-upi-less-since-govts-merchant-fee-announcement-report",{"id":204,"title":205,"source":206,"logo":13,"time":135},1400393,"UPI MDR debate: Why ₹2,000 is in focus and what it means for users","https://www.business-standard.com/economy/news/upi-mdr-debate-why-2-000-is-in-focus-and-what-it-means-for-users-126081700059_1.html",{"id":208,"title":209,"source":210,"logo":36,"time":135},1400394,"India considers ending free UPI payments for big businesses","https://www.tbsnews.net/world/south-asia/india-considers-ending-free-upi-payments-big-businesses-1516951",{"id":212,"title":213,"source":214,"logo":39,"time":126},1400395,"UPI MDR benefits will depend on merchant mix, transaction value","https://www.newindianexpress.com/business/2026/Aug/16/upi-mdr-benefits-will-depend-on-merchant-mix-transaction-value",{"id":216,"title":217,"source":218,"logo":55,"time":126},1400396,"Opinion: UPI Did Not Kill the Tollbooth, It Moved It","https://www.news18.com/opinion/opinion-upi-did-not-kill-the-tollbooth-it-moved-it-ws-l-10276071.html",{"id":220,"title":221,"source":222,"logo":29,"time":223},1400397,"Even as government considers MDR charge on UPI, data shows cash usage quickening in economy","https://www.thehindu.com/business/Economy/even-as-government-considers-mdr-charge-on-upi-data-shows-cash-usage-quickening-in-economy/article71345365.ece","3D AGO",{"id":225,"title":226,"source":227,"logo":40,"time":90},1400430,"Parliament clears taxation bill: FM Sitharaman says UPI will remain free; no framework on MDR yet","https://www.livemint.com/news/india/parliament-clears-taxation-bill-fm-sitharaman-says-upi-will-remain-free-no-mdr-framework-yet-11786367727604.html",{"id":229,"title":230,"source":231,"logo":5,"time":223},1400398,"UPI is a public good. Keep it free","https://www.pressreader.com/india/business-standard/20260815/281565182590118",{"id":233,"title":234,"source":235,"logo":54,"time":135},1400431,"MDR on UPI payments: Six rules govt must settle before charges can start","https://www.business-standard.com/economy/news/mdr-on-upi-payments-six-rules-govt-must-settle-before-charges-can-start-126081700090_1.html",{"id":237,"title":238,"source":239,"logo":13,"time":240},1400390,"The case for keeping UPI free outweighs the costs of its infrastructure","https://www.business-standard.com/opinion/columns/the-case-for-keeping-upi-free-outweighs-the-costs-of-its-infrastructure-126081402074_1.html","4D AGO",{"id":242,"title":243,"source":244,"logo":46,"time":223},1400399,"Explainer: How UPI’s free ride may hit a speed bump","https://www.tribuneindia.com/news/explainers/explainer-how-upis-free-ride-may-hit-a-speed-bump",{"id":246,"title":247,"source":248,"logo":12,"time":135},1400432,"UPI vs cards: Why merchants pay MDR on cards but not on UPI payments","https://www.business-standard.com/finance/news/upi-credit-debit-cards-merchants-payment-charges-mdr-transactions-126081700068_1.html",{"id":250,"title":251,"source":252,"logo":28,"time":135},1400433,"Free for users, costly to run: The economics behind India's UPI system","https://www.business-standard.com/economy/news/free-for-users-costly-to-run-the-economics-behind-india-s-upi-system-126081700067_1.html",{"id":254,"title":255,"source":256,"logo":44,"time":99},1400434,"Parliamentary panel recommends calibrated MDR on high-value transactions","https://www.orissapost.com/parliamentary-panel-recommends-calibrated-mdr-on-high-value-transactions",{"id":258,"title":259,"source":260,"logo":42,"time":90},1400435,"Parliament clears taxation bill, Sitharaman says UPI transactions to remain free","https://m.economictimes.com/industry/banking/finance/parliament-clears-taxation-bill-sitharaman-says-upi-transactions-to-remain-free/articleshow/133104930.cms",{"id":262,"title":133,"source":263,"logo":31,"time":135},1400436,"https://www.aol.com/articles/india-built-worlds-biggest-digital-232637000.html",{"id":265,"title":266,"source":267,"logo":50,"time":117},1400437,"UPI and the cost of policy reversal","https://www.thehindu.com/business/Economy/upi-and-the-cost-of-policy-reversal/article71328209.ece",{"id":269,"title":270,"source":271,"logo":5,"time":90},1400438,"Rajya Sabha Clears Taxation Bill, Government Rules Out UPI Charges","https://www.ndtv.com/india-news/rajya-sabha-clears-taxation-and-other-laws-amendment-bill-2026-government-rules-out-upi-charges-11891090",{"id":273,"title":274,"source":275,"logo":15,"time":117},1400439,"What is MDR that is being proposed for UPI transactions, who pays the final cost? Explained","https://timesofindia.indiatimes.com/business/india-business/what-is-mdr-that-is-being-proposed-for-upi-transactions-who-pays-the-final-cost-explained/articleshow/133155789.cms",{"id":277,"title":278,"source":279,"logo":49,"time":117},1400407,"Parliament Passes Taxation Laws Amendment Bill, Paving Way For Possible UPI Charges","https://www.livelaw.in/news-updates/parliament-passes-taxation-laws-amendment-bill-paving-way-for-possible-upi-charges-545218",{"id":281,"title":282,"source":283,"logo":57,"time":99},1400408,"How do you scale UPI if it's not free?","https://finshots.in/archive/how-do-you-scale-upi-if-its-not-free",{"id":285,"title":286,"source":287,"logo":35,"time":99},1400409,"Kill the percentage, save UPI","https://the-ken.com/kaching/kill-the-percentage-save-upi",{"id":289,"title":290,"source":291,"logo":10,"time":223},1400400,"Digital Payments: Panel recommends charges on high-value digital transactions","https://udayavani.com/digital-payments-panel-recommends-charges-on-high-value-digital-transactions-555459?lang=en",{"id":293,"title":294,"source":295,"logo":43,"time":117},1400401,"No fee on UPI transactions, Sitharaman clarifies; government to hold PSB Confluence on August 17-18","https://www.ibtimes.co.in/no-fee-upi-transactions-sitharaman-clarifies-government-hold-psb-confluence-august-17-18-904632",{"id":297,"title":298,"source":299,"logo":26,"time":223},1400402,"Funding UPI is fine, but trust remains key","https://www.thefinancialworld.com/funding-upi-is-fine-but-trust-remains-key",{"id":301,"title":302,"source":303,"logo":17,"time":90},1400403,"​India Debates Charging Fees for UPI Payments","https://www.bloomberg.com/news/newsletters/2026-08-10/-india-grapples-with-the-pros-and-cons-of-fees-for-upi-payments",{"id":305,"title":306,"source":307,"logo":58,"time":117},1400404,"Sitharaman vs. Opposition: Who Pays for UPI?","https://www.brut.media/in/videos/india/politics/sitharaman-vs-opposition-who-pays-for-upi",{"id":309,"title":310,"source":311,"logo":19,"time":99},1400405,"Par panel for expeditious introduction of calibrated MDR on high-value transactions","https://bfsi.economictimes.indiatimes.com/articles/par-panel-for-expeditious-introduction-of-calibrated-mdr-on-high-value-transactions/133198709",{"id":313,"title":314,"source":315,"logo":47,"time":316},1400406,"Demystifying UPI Fees: A Banking Insider’s Guide For Consumers And Small Businesses","https://hindupost.in/business-economy/demystifying-upi-fees-a-banking-insiders-guide-for-consumers-and-small-businesses","9D AGO","#8e2e10ff","#8e2e104d",1787131872029]