BusinessPhoto: Business StandardNPCI Defers UPI MDR Implementation Until After Diwali
The National Payments Corporation of India (NPCI) has postponed the introduction of the merchant discount rate (MDR) on select UPI transactions until after Diwali. Originally set to start on October 15, the new date will be announced later. The MDR, charged on transactions above ₹2,000 at 0.40% capped at ₹300, offers merchants relief during the festive season. Certain categories will have a flat ₹5 fee.
Business Standard·


