#PaymentReforms

UPI MDR Proposal Explained: Will Digital Payments Become Costly? RBI, Experts Decode What the New Bill Means for Users

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UPI

The future of Unified Payments Interface (UPI) has once again become the center of national discussion after the Union Government introduced the Taxation and Other Laws (Amendment) Bill, 2026 in Parliament. The proposed legislation, presented by Finance Minister Nirmala Sitharaman, includes amendments to the Payment and Settlement Systems (PSS) Act, 2007, triggering widespread speculation over … Read more

UPI Payment Above ₹2,000 May Attract Charges? New Bill Sparks MDR Debate, RBI Responds

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UPI

India’s Unified Payments Interface (UPI) has transformed the country’s digital economy by making instant, cashless transactions available to millions of users free of cost. However, a recently introduced amendment to the Payment and Settlement Systems Act, 2007 has triggered widespread debate after raising the possibility that certain UPI Payment transactions—particularly those above ₹2,000—could eventually attract … Read more