TechIndia reportedly plans daily monitoring of UPI merchant charges from October 15, 2026
Mint says the levy will cover specified payments to merchants above ₹2,000. It reports that the government has warned that passing the charge to consumers would constitute a criminal offence.
TLDR
Mint reports that India's central government plans to monitor UPI merchant discount rate (MDR) charges daily from October 15, 2026. The outlet says the levy will apply to specified person-to-merchant transactions above ₹2,000 and be charged to merchants. Banks and payment aggregators have been told not to pass it to consumers as the government seeks to prevent a shift to cash, Mint reports. It also reports the government's warning that passing the charge to consumers would constitute a criminal offence.
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India reportedly plans daily monitoring of UPI merchant charges from October 15, 2026
Mint says the levy will cover specified payments to merchants above ₹2,000. It reports that the government has warned that passing the charge to consumers would constitute a criminal offence.
TLDR
Mint reports that India's central government plans to monitor UPI merchant discount rate (MDR) charges daily from October 15, 2026. The outlet says the levy will apply to specified person-to-merchant transactions above ₹2,000 and be charged to merchants. Banks and payment aggregators have been told not to pass it to consumers as the government seeks to prevent a shift to cash, Mint reports. It also reports the government's warning that passing the charge to consumers would constitute a criminal offence.