UPI Merchant Discount Rate (MDR) Charges — Taxation and Other Laws (Amendment) Bill 2026
India’s Unified Payments Interface (UPI) has been among the most celebrated public digital infrastructure successes globally, processing billions of free peer-to-merchant transactions monthly. This free-for-all model faces a potential turning point with the passage of the Taxation and Other Laws (Amendment) Bill, 2026, by the Lok Sabha on 6 August 2026, which empowers the government…