UPI MDR Rollout Deferred; India's First Quantum Computer Launch Imminent
The rollout of the merchant discount rate (MDR) on select UPI transactions has been postponed beyond Diwali, according to the National Payments Corporation of India (NPCI). Originally set for October 15, the MDR fee of 0.4% on payments above Rs 2,000 will be rescheduled. The delay follows merchant requests for relief during festive sales. Meanwhile, India is preparing to launch its first quantum computer soon, marking a significant technological milestone.
ET Tech·



