Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

Times of India — Top Stories · 7 Aug 2026, 4:13 am

In a recent statement, Finance minister Nirmala Sitharaman emphasized that UPI transaction charges will be applicable to merchants rather than customers. She explained that any Merchant Discount Rate (MDR) imposed would be instrumental in enhancing the digital payment ecosystem. Following the passage of an amendment bill in Parliament, a committee will investigate the adjustments to the zero-MDR policy for digital payments.

Godesi is not the publisher of member reports and does not witness them. Read our terms. Something wrong? Tell the news desk.

More desi news

RBI gives Urban Cooperative Banks new lease of life | ExplainedThe Hindu — BusinessIsrael, US complete Arrow missile test amid Iran, Yemen ballistic threatsTimes of India — Top StoriesRupee slips to 95.28 against US dollar as oil, treasury yields remain elevatedTimes of India — Top StoriesMichael Dell's son wants a battery in every US homeEconomic Times — Top StoriesMaharashtra govt cracks down on MHADA buildersEconomic Times — Top StoriesIndia a step closer to procure 114 Rafale fighters as Dassault submits its proposalTimes of India — Top Stories

📣 Seen something in your city?

Godesi runs on what the community reports — a temple event, a new shop, a scam warning, a school win. Post it and your story appears on Godesi and across the desi network.