tech π³ UPI stays free for users and most merchants
The government clarified that UPI transactions will remain free for consumers and most merchants, dispelling recent speculation. This statement was made on Saturday, August 8, 2026, by the government. While UPI processed 2,366 crore transactions worth βΉ29.9 lakh crore in July 2026, any future merchant charges would be limited. This framework is needed to ensure UPI's long-term sustainability amidst surging transaction volumes. The UPI and Services Steering Committee, led by NPCI, will decide on any future MDR after Parliament passes the relevant bill.