Lok Sabha Passes Bill Allowing Fees on UPI and Other Electronic Payments
On August 6, 2026, the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, allowing banks and service providers to charge fees on UPI and other electronic payments. The bill was approved without debate due to opposition sloganeering over unrelated issues. This amendment aims to permit Merchant Discount Rate charges while ensuring a sustainable revenue model for payment infrastructure firms.
6 AUG 2026
· THIS STORY — The Hindu
Lok Sabha Passes Bill Allowing Fees on UPI and Other Electronic Payments
— NDTV
The Lok Sabha passed a bill amending the Payment and Settlement Systems Act to allow banks and providers to charge fees on UPI and other electronic payments.
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