UPI in India has come to be one of the most critical instances of digital public infrastructure in the world. This is the payment platform that has revolutionized Indian payment systems for even trivial tasks, from buying a cup of tea to paying university fees and taking a taxi. The remarkable success of the system ...

India’s UPI payment system is entering a new phase in 2026, with the government clarifying that customers will continue to pay no transaction charges for UPI payments. The clarification comes amid discussion around amendments to the Payment and Settlement Systems Act and the possibility of introducing Merchant Discount Rate, or MDR, for certain merchant transactions ...