India has taken a step towards allowing merchant charges on Unified Payments Interface (UPI) transactions after proposed amendments to the country's payments law were introduced in Parliament on Tuesday.

UPI transactions soared to ₹29.9 lakh crore in July 2026, marking a significant milestone in India's digital payment revolution.

India's Unified Payments Interface (UPI) continued its upward trajectory in July, clocking its highest-ever monthly transaction value. According to data released by the National…

ET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an issue plaguing the online payments…

The government proposes a new UPI MDR framework for large merchants and extends tax incentives for electronics manufacturing until 2041.

Proposed amendments to the Payment and Settlement Systems Act may bring back merchant discount rates. This move could help banks and fintech firms recover technology and…

Happy Tuesday! The government is proposing changes that could bring back merchant fees on select UPI transactions. This and more in todays ETtech Morning Dispatch.