BusinessPhoto: Hindu BusinessNPCI to Implement MDR on UPI Payments After Diwali
The National Payments Corporation of India (NPCI) announced on October 13, 2026, that the Merchant Discount Rate (MDR) on select person-to-merchant UPI transactions will be implemented after Diwali. The decision was made to avoid impacting the festive season. RBI Governor Sanjay Malhotra earlier stated that a small MDR fee would not significantly affect UPI transaction volumes.
Hindu Business·


