{
  "id": 7693704,
  "title": "The End Of Free UPI, Fibe IPO Gets SEBI Nod & More",
  "url": "https://urgent.news/2026/09/16/the-end-of-free-upi-fibe-ipo-gets-sebi-nod-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T02:30:24.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/the-end-of-free-upi-fibe-ipo-gets-sebi-nod-more/"
  },
  "original_language": "en",
  "account": "UPI Now Has Transaction Fee: The Unified Payments Interface (UPI) system that has served India with free transactions for a decade is set to see a monetary transformation from October 15. The National Payments Corporation of India (NPCI), the body operating UPI, will impose a Merchant Discount Rate (MDR) for high-value transactions. Specifically, payments exceeding ₹2,000 will now attract an MDR of 0.4%, capped at ₹300 for transactions above ₹75,000. This change targets UPI’s infrastructure costs, aiming to create a revenue stream while preserving the system’s inclusivity.",
  "summary": "UPI Gets MDR Makeover After a decade of free UPI payments, NPCI will now impose an MDR for select high-value…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}