Lok Sabha passes Bill to allow fees on UPI and other electronic payments
On Thursday, the Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007 to allow banks and providers to charge fees on UPI and other electronic payments. The amendment removes the existing exemption of UPI transactions from Merchant Discount Rate (MDR) charges, aiming for a sustainable revenue model while ensuring digital payment services remain accessible. The Bill was passed through voice vote after resuming at 2 pm.
6 AUG 2026
— The Hindu
Lok Sabha Passes Bill Allowing Fees on UPI and Other Electronic Payments
· THIS STORY — 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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