Kolkata, New Delhi, INDIA. New York, USA.
Business To Business New Delhi, 07 August, 2026: Consumers and small merchants will continue to enjoy free Unified Payments Interface (UPI) services, the Payments Council of India said on Friday, clarifying that the recent legislative changes do not mean that transaction charges will be imposed immediately.
The clarification came a day after the Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007, which authorises the government to allow banks and other payment service providers to levy charges on transactions made through UPI and other notified electronic payment modes.
What the Payments Council of India said
In a post on X, the industry body stated: