UPI MDR Charges Deferred Until After Diwali By NPCI; Mumbai Traders Welcome Relief From 0.4% Fee
Mumbai: The National Payments Corporation of India (NPCI) on Tuesday deferred the proposed Merchant Discount Rate (MDR) on select person-to-merchant (P2M) UPI transactions until after Diwali. The revised implementation date will be notified separately. Festive Season Prompts Postponement In a statement, the NPCI said: “The UPI and Services Steering Committee on Tuesday (October 13, 2026) decided…
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