UPI Merchant Fee May Be Deferred Until January 1
The rollout of the UPI merchant discount rate (MDR) fee may be postponed until January 1, providing relief during the festive season. Textile merchants in Kochi protested against the UPI charge. RBI Governor Sanjay Malhotra stated the small UPI MDR fee would not significantly impact transaction volumes. The delay aims to address merchant concerns amid ongoing discussions.
Business Standard··Kochi