UPI Fee Reset: Parliament Clears Path for Merchant Charges as RBI Cautions on Funding

₹29.88 lakh crore — the record value of UPI transactions processed in July 2026 alone, across 23.66 billion individual payments. This massive, free-to-use ecosystem is now at a crossroads.

Money Moves

• Lok Sabha Passes Taxation Laws Amendment Bill — The bill amending the Payment and Settlement Systems Act, 2007, was passed without debate, removing the legal barrier to levying Merchant Discount Rate (MDR) on UPI transactions and paving the way for...