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UPI fee won’t apply to small payments, needed to fund growth: Sources
['Anish Mondal', 'Siddharth Upasani', 'Siddharth Upasani Is A Deputy Associate Editor With The Indian Express. He Reports Primarily On Data', 'The Economy', 'Looking For Trends', 'Changes In The Former Which Paint A Picture Of The Latter. Before The Indian Express', 'He Worked At Moneycontrol', 'Financial Newswire Informist', 'Previously Called Cogencis . Outside Of Work', 'Sports']
The Indian Express
The source added there is no link between India-US trade talks and any potential fee on UPI transactions.
In 2025-26, only 4% of person-to-merchant (P2M) UPI payments were greater than Rs 2,000.
However, these 4% of transactions made up around two-thirds of UPI payments by value.
Individuals making payments using UPI have never paid a separate fee to use UPI.
All users of UPI… https://t.co/sleUX4ztWe — Nirmala Sitharaman (@nsitharaman) August 6, 2026Experts point to the huge growth in UPI transactions, which has seen costs pile up: in 2025-26, more than 24,000 crore UPI transactions worth Rs 314 lakh crore were made.