Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments
- Source
- The Economic Times - Economy
- Source link
- https://economictimes.indiatimes.com/news/economy/policy/lok-sabha-passes-bill-enabling-centre-to-allow-upi-charges-mdr-on-digital-payments/articleshow/132999568.cms
- Published
- 2026-08-06 10:59:48
- Discovered by ProcIntel
- 2026-08-06 12:17:56
- Category
- Regulation, Tariffs, Sanctions & Trade
- Geography
- India
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digital payment transactions. Currently, UPI transactions remain free for users and merchants. Banks and payment firms seek sustainable revenue models for infrastructure. The government will decide which digital payment methods may attract future charges.
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-08-06 12:17:56
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.