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UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

UPI survey shows resistance to additional payment costs A LocalCircles survey suggests that 76% of respondents could move purchases above ₹2,000 away from UPI if merchants charge them extra for using the payment method. The findings reflect a possible change in consumer behaviour, rather than an actual shift already recorded.

Business

01 Oct 2026 12:28 PM

UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

UPI survey shows resistance to additional payment costs A LocalCircles survey suggests that 76% of respondents could move purchases above ₹2,000 away from UPI if merchants charge them extra for using the payment method. The findings reflect a possible change in consumer behaviour, rather than an actual shift already recorded.

Business

Shivakumar Slams UPI Merchant Fee as Pickpocketing

Karnat

Business

18 Sep 2026 10:57 AM

Shivakumar Slams UPI Merchant Fee as Pickpocketing

Karnat

Business

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI MDR comes into effect from October 15 The government will introduce a Merchant Discount Rate on select UPI merchant payments from October 15, 2026. Under the new framework, eligible person-to-merchant transactions above Rs 2,000 will attract an MDR of up to 0.40 per cent. PhonePe CEO Sameer Nigam said the framework creates

Finance & Economics

17 Sep 2026 12:16 PM

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI MDR comes into effect from October 15 The government will introduce a Merchant Discount Rate on select UPI merchant payments from October 15, 2026. Under the new framework, eligible person-to-merchant transactions above Rs 2,000 will attract an MDR of up to 0.40 per cent. PhonePe CEO Sameer Nigam said the framework creates

Finance & Economics

UPI Payments Above Rs 2,000: Will Users Pay Charges?

New Delhi, India | UPI payments up to Rs 2,000 are protected from charges, but crossing that amount does not automatically create a consumer fee. UPI Payments Above Rs 2,000: Will Users Pay Charges? UPI users do not automatically have to pay a transaction fee when sending Rs 2,500, Rs 5,000 or Rs 10,000. The Rs 2,000 figure mentioned in the latest government notificat

Finance & Economics

15 Sep 2026 15:21 PM

UPI Payments Above Rs 2,000: Will Users Pay Charges?

New Delhi, India | UPI payments up to Rs 2,000 are protected from charges, but crossing that amount does not automatically create a consumer fee. UPI Payments Above Rs 2,000: Will Users Pay Charges? UPI users do not automatically have to pay a transaction fee when sending Rs 2,500, Rs 5,000 or Rs 10,000. The Rs 2,000 figure mentioned in the latest government notificat

Finance & Economics

UPI Charges: Parliament Clears Way for Future MDR

Parliament has cleared an amendment allowing the Centre to reshape the zero-MDR framework for UPI and other notified digital payments. No new UPI charge has taken effect yet, while the government says customers will not directly bear MDR charges. India has moved closer to potentially introducing Merchant Discount Rate charges on some UPI merchant transactions after Parliament cleared changes to the law governing digital payment charges. The Taxation a

Money & Investments

07 Aug 2026 15:39 PM

UPI Charges: Parliament Clears Way for Future MDR

Parliament has cleared an amendment allowing the Centre to reshape the zero-MDR framework for UPI and other notified digital payments. No new UPI charge has taken effect yet, while the government says customers will not directly bear MDR charges. India has moved closer to potentially introducing Merchant Discount Rate charges on some UPI merchant transactions after Parliament cleared changes to the law governing digital payment charges. The Taxation a

Money & Investments

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

India has proposed a legal change that could permit merchant fees on selected UPI payments, including transactions above Rs 2,000. No fee has been finalised, and the proposals mainly target large merchants rather than customers, small shops or personal transfers. UPI Fee Has Not Been Introduced Yet UPI payments above Rs 2,000 are not automatically becoming chargeable. A proposed amendment to the Payment and Settlement Systems Act woul

Money & Investments

06 Aug 2026 10:52 AM

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

India has proposed a legal change that could permit merchant fees on selected UPI payments, including transactions above Rs 2,000. No fee has been finalised, and the proposals mainly target large merchants rather than customers, small shops or personal transfers. UPI Fee Has Not Been Introduced Yet UPI payments above Rs 2,000 are not automatically becoming chargeable. A proposed amendment to the Payment and Settlement Systems Act woul

Money & Investments

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

Key June Financial Updates Consumers Should Know June has brought a fresh set of money-related changes that may affect households, taxpayers, small businesses and digital payment users. From commercial LPG rates to UPI security checks, these updates can impact monthly budgets and financial planning. LPG Price Hike Hits Businesses Commercial LPG cylinder prices have incr

Finance & Economics

01 Jun 2026 17:23 PM

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

Key June Financial Updates Consumers Should Know June has brought a fresh set of money-related changes that may affect households, taxpayers, small businesses and digital payment users. From commercial LPG rates to UPI security checks, these updates can impact monthly budgets and financial planning. LPG Price Hike Hits Businesses Commercial LPG cylinder prices have incr

Finance & Economics

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#digitalpayments

UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

Shivakumar Slams UPI Merchant Fee as Pickpocketing

Shivakumar Slams UPI Merchant Fee as Pickpocketing

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI Payments Above Rs 2,000: Will Users Pay Charges?

UPI Payments Above Rs 2,000: Will Users Pay Charges?

UPI Charges: Parliament Clears Way for Future MDR

UPI Charges: Parliament Clears Way for Future MDR

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

US Green-Card Freeze: GTRI Warns Indian IT of Wider Curbs

Miss Universe India 2026: Kaziah Lix Mejo Wins Crown

Amaravati Welcomes 25 Banks, Poised to Become India’s Financial Hub

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Monsoon 2026 Begins In Kerala As IMD Issues Rain Alert For 17 States

Trump Claims US Has Near-Total Control of Strait of Hormuz

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US Green-Card Freeze: GTRI Warns Indian IT of Wider Curbs

Miss Universe India 2026: Kaziah Lix Mejo Wins Crown

Amaravati Welcomes 25 Banks, Poised to Become India’s Financial Hub

Why 2026 Could Be the Best Time to Buy a House in India

Monsoon 2026 Begins In Kerala As IMD Issues Rain Alert For 17 States

Trump Claims US Has Near-Total Control of Strait of Hormuz

NGO Owner Arrested in Maharashtra Over Alleged Conversion Case

Delhi Minor Allegedly Gang-Raped Near Kalkaji Temple

Killing of Suvendu Adhikari’s Aide Sparks Political Tension in Bengal

J&J Talc Settlement 2026: $5.5 Billion Deal Explained

#digitalpayments

UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

UPI Fees: 76% May Switch to Cash, Cards for Payments Above ₹2,000

Shivakumar Slams UPI Merchant Fee as Pickpocketing

Shivakumar Slams UPI Merchant Fee as Pickpocketing

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI MDR From October 15: Who Pays and Who Is Exempt?

UPI Payments Above Rs 2,000: Will Users Pay Charges?

UPI Payments Above Rs 2,000: Will Users Pay Charges?

UPI Charges: Parliament Clears Way for Future MDR

UPI Charges: Parliament Clears Way for Future MDR

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

UPI Fee Above Rs 2,000 Proposed: What Users Should Know

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

June Money Changes: LPG Hike, UPI Checks And Tax Deadline May Affect Your Budget

US Green-Card Freeze: GTRI Warns Indian IT of Wider Curbs

Miss Universe India 2026: Kaziah Lix Mejo Wins Crown

Amaravati Welcomes 25 Banks, Poised to Become India’s Financial Hub

Why 2026 Could Be the Best Time to Buy a House in India

Monsoon 2026 Begins In Kerala As IMD Issues Rain Alert For 17 States

Trump Claims US Has Near-Total Control of Strait of Hormuz

NGO Owner Arrested in Maharashtra Over Alleged Conversion Case

Delhi Minor Allegedly Gang-Raped Near Kalkaji Temple

Killing of Suvendu Adhikari’s Aide Sparks Political Tension in Bengal

J&J Talc Settlement 2026: $5.5 Billion Deal Explained

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