Fintech
India Ends UPI's Zero-Fee Era: Inside the New MDR Law
India has repealed the statute that kept UPI free. What the new MDR framework means for merchants, banks, fintechs and the world's largest real-time payments rail.
merchant-discount-rate
2 articles filed under this tag.
Fintech
UPI's Free Lunch Is Over in Law, Not Yet in Price: What the 2026 PSS Act Amendment Really Changes
Parliament's August 2026 amendment to the Payment and Settlement Systems Act removes the legal lock on UPI merchant fees. The consumer does not pay, but every bank, PSP and broker will. Here is what changes and who pays.