Business 8 sources · over 6 days 31 articles

India Sets New UPI Merchant Charges, Small Retailers Plan Protests

India's decision to introduce a 0.4 percent merchant fee for large UPI transactions has sparked debate over its impact on small businesses and digital payments, with protests and legal challenges emerging.

Read the full story → · Latest coverage 28 Sept 2026, 8:09 am UTC

Key moments · 8

NPCI addresses concerns over GST and MDR on UPI payments

Indian Express ↗

Government clarifies new MDR will not burden small merchants

News On AIR ↗

NPCI CEO highlights most UPI transactions are exempt from MDR

Business Line - Home ↗

Banks told to prevent passing MDR charges to consumers

Times of India Top Stories ↗

Finance Minister explains MDR is not a government tax

Times of India Top Stories ↗

Government and banks to decide on UPI subsidy after MDR

The Hindu ↗

Mobile retailers announce protest against UPI MDR charges

Business Line - Home ↗

Supreme Court refuses interim stay on MDR for UPI transactions

Times of India Top Stories ↗

Coverage by day

newest first

5 articles

  1. SC questions legal basis for new UPI charges, declines plea to stay levy
    Mint
  2. SC refuses interim stay on MDR for UPI transactions, asks Centre to explain decision
    Times of India Top Stories
  3. SC refuses to stay MDR on transactions above ₹2,000
    Business Line - Home
  4. If neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR charges
    The Hindu
  5. Supreme Court refuses to stay fee on UPI transactions above Rs 2,000
    Indian Express

6 articles

  1. 'MDR to boost UPI use in cross border payments': JP Morgan Global Payments co-head
    Times of India
  2. ‘No UPI Day’ on October 2? Mobile retailers protest proposed 0.4% MDR on payments
    Mint
  3. Mobile phone retailers to protest against UPI MDR charges on October 2
    The Hindu
  4. Mobile phone retailers to protest against UPI MDR charges on Oct 2
    Business Line - Home
  5. ‘UPI must remain zero MDR’: Mobile retailers announce October 2 protest
    Times of India

5 articles

  1. UPI MDR decision completely professional, no external pressure: FM Sitharaman
    The Hindu
  2. Merchant Discount Rate on UPI not a tax, cess or surcharge; will not burden consumers: FM
    Business Line - Home
  3. ‘Not a government issue’: FM Sitharaman explains where UPI MDR charge goes
    Times of India Top Stories
  4. Government, banks to decide subsidy amount for UPI that will continue after MDR comes in - The Hindu
    The Hindu
  5. Government, banks to decide subsidy amount for UPI that will continue after MDR comes in
    The Hindu

11 articles

  1. UPI MDR: ‘Not a single penny’ will go to govt; earnings to be shared among banks and other entities, says report
    Mint
  2. UPI Charge Not Tax, 96% Transactions Won't Be Unaffected: Government Sources - NDTV
    NDTV
  3. UPI Charge Not Tax, 96% Transactions Won't Be Unaffected: Government Sources
    NDTV Top Stories
  4. 96% UPI transactions today are below ₹2,000, outside MDR net: Dilip Asbe, CEO of NPCI
    Business Line - Home
  5. ‘Fear of shift to cash due to merchant fee on UPI 100% misplaced’: Government sources
    Indian Express

1 article

  1. Beyond free UPI: Why the government is testing political capital over economic logic - ThePrint
    ThePrint