business π° UPI fees might be coming soon
The government introduced The Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha on Tuesday. Finance Minister Nirmala Sitharaman tabled the bill to amend several key financial acts. Clause 2 of the Bill aims to change Section 10A of the Payment and Settlement Systems Act, 2007. This change could allow charges on specified electronic payment methods, potentially reintroducing an MDR on high-value UPI transactions. The amendment seeks to create the legal basis for imposing these fees moving forward. π°