Free No More: UPI’s New Fee and Who Really Pays | Editorial
Finance Matters | 18 September 2026
For years, UPI has been sold to Indians as a triumph of public infrastructure, free, instant, and universal. That story just changed. Starting October 15, every UPI transaction above ₹2,000 will attract a 0.4% fee, capped at ₹300 for payments of ₹75,000 and above....
