The record
Written from the 1 report below. Nothing here is unsourced.
- The central government has announced a 0.4% fee on commercial UPI transactions above 2,000 rupees.
- The new rules take effect from October 15, 2026.
- Merchants receiving payments through UPI must pay the fee, not customers.
- A 3,000 rupee transaction will attract a fee of 12 rupees, a 50,000 rupee transaction 200 rupees, and the fee is capped at 300 rupees for amounts above 75,000 rupees.
- Person-to-person transfers and payments to friends or family remain free, so the change matters mainly for businesses and commercial services.
What to watch next
- Whether merchants pass the 0.4% fee on to customers in prices.
- Clarification on how the fee applies to bill payments such as school fees, water, electricity and railway tickets.
- Any further government or finance ministry guidance before October 15, 2026.
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Indian-language1
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Named India · Google Pay · PhonePe · Government of India · Ministry of Finance
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