Positive impactSector
UPI transactions: No need to pay extra charges; 5 times payments remain free despite new government rules
Mint 2 hrs ago·17 Sept 2026, 2:44 pm
The government has announced that UPI merchant transactions will remain free for customers, despite new rules coming into effect in October 2026. The move aims to keep digital payments accessible and affordable for everyone.
This decision is significant for investors as it removes a potential revenue stream for payment service providers and banks. While the immediate impact on the broader market is likely neutral, it reinforces the government's push for a cashless economy. Investors should monitor how fintech companies adapt their business models in the long run.
For now, the policy offers no direct financial benefit to individual traders or investors. The focus remains on the broader financial ecosystem. Watch for updates on how major payment gateways adjust their fee structures in the coming years.
Excerpt from Mint
Under new rules effective from 15 October 2026, ordinary customers won’t pay merchant processing fees on UPI transactions. There's no need to pay extra charges; 5 times payments remain free despite new government rules. Ordinary customers will continue using UPI without paying merchant processing fees under the…Read the original at Mint
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