Government rules out UPI MDR rethink, seeks to shield consumers from added charges

The government has said it is not reconsidering UPI merchant discount rates or creating a fuel-transaction exemption. It is working with the Indian Banks’ Association and trader groups on a mechanism intended to prevent merchants from passing any additional payment costs to consumers.

— Source publishedFri, 25 Sept, 2026, 12:23 IST·First seen Fri, 25 Sept, 2026, 12:46 IST·Source Business Today · Latest

What happened

The government says it is not reconsidering UPI MDR or exempting fuel transactions. It is working with the Indian Banks’ Association and trader groups on a

Why this matters

Prioritize partnerships with banks, PSPs and merchant-acquiring platforms that can help retailers manage UPI compliance and payment-cost efficiency without passing fees to shoppers.

What to watch

  • Formal government, RBI, NPCI, Indian Banks’ Association or trader-association guidance on anti-surcharge enforcement.
  • Merchant complaints or coordinated resistance from fuel dealers, trade bodies and high-volume retail categories.
  • Evidence of increased cash-discounting, minimum-purchase thresholds or incentives tied to non-UPI payment methods.
  • Changes in UPI transaction growth, merchant retention, bank/acquirer economics or payment acceptance fees.
  • Consumer-protection actions against merchants adding explicit or disguised UPI charges.
  • Model UPI acceptance economics by merchant segment, with particular focus on fuel, micro-merchants and high-ticket retailers.
  • Audit checkout, invoice and loyalty practices for indirect payment-method steering that could attract regulatory attention.
  • Engage acquiring banks and payment partners on any proposed anti-surcharge operating rules, dispute processes and merchant communications.
  • Prepare customer-facing messaging and compliance controls prohibiting explicit UPI fees while tracking permissible discounts and incentives.