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NewsThe Hindu BizFriday, 18 September 2026NEW

Merchants to be charged 0.4% for UPI transactions over ₹2,000; small vendors exempt

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Summary
Ministry of Finance says person-to-person transactions, which will also be exempt, constitute 70% of the value of total UPI transactions; according to the Ministry, only 4% of merchant transactions will attract the charge
Key Facts
TypeNews
SourceThe Hindu - Business
PublishedFriday, 18 September 2026
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
GDP: $3.9 trillion (2025 est.)
Key Authorities
Ministry of Electronics & ITTRAICERT-InMinistry of FinanceRBI
Key Stakeholders
Internet UsersTech CompaniesStartupsTaxpayersBanks & NBFCsInvestors
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Digital & Technology298 tracked→Finance & Economy671 tracked→
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