The Lok Sabha has passed legislation that gives the Centre the power to allow banks and payment service providers to levy charges on Unified Payments Interface (UPI) transactions. The Taxation and Other Laws (Amendment) Bill, 2026, passed by voice vote on August 6, amends the
The Union government is considering introducing merchant charges on certain Unified Payments Interface (UPI) transactions, according to verified sources. If approved, the proposal would apply only to merchant payments and would not affect person-to-person (P2P) UPI transfers, which will continue to remain free. Read More |