GENERAL16 Sept 2026
Higher-than-expected 40 bps UPI fee set to boost fintech earnings
A new fee of 40 basis points on UPI (Unified Payments Interface) payments is higher than expected, and fintech firms stand to earn more from it. The framework leaves out UPI-linked credit card payments, so it should touch only about 4 per cent of merchant transaction volume. If you accept UPI, most of your transactions stay unaffected; still check your settlement reports.
Key Statutory Highlights
- The UPI fee has been set at 40 basis points, which is higher than what was expected.
- The framework excludes UPI-linked credit card payments from its scope.
- It is expected to affect only 4 per cent of merchant transaction volume.
Actionable Advice for Taxpayers / Founders:Check your next UPI settlement statement to see whether any fee has been applied, and speak to your CA if you want clarity on how it may affect your business.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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