India, Aug. 7 -- The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, paving the way for the Centre to notify charges on Unified Payments Interface (UPI), RuPay debit cards and other electronic payment modes in the future. While the legislation does not introduce any immediate fee on digital transactions, it removes the legal restriction that currently prevents banks and payment service providers from levying Merchant Discount Rate (MDR) on notified payment systems. The Bill was passed by voice vote amid protests by Opposition members and replaces the ordinance promulgated on June 5.

Will UPI Users Have To Pay Charges Immediately?

No. The Bill does not impose any UPI transaction fee or Merchant Discount R...