New Delhi, Aug. 9 -- After PhonePe founder and CEO Sameer Nigam assured consumers that UPI payments would remain free for them, Razorpay's chief Harshil Mathur has also come out in support of keeping UPI transactions free for users.

The clarification comes after the Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which allows the government to bring back merchant discount rate (MDR) charges on UPI transactions. The move raised questions over whether consumers would eventually be charged for using UPI.

While the Razorpay co-founder and chief also said UPI should remain free for consumers, he also stressed on the need of a sustainable ecosystem that protects small merchants, as well as supports digital infrastructure....