{
  "id": 14160534,
  "title": "MDR on UPI transactions over Rs 2,000 deferred; to come into effect post Diwali",
  "url": "https://urgent.news/2026/10/13/mdr-on-upi-transactions-over-rs-2-000-deferred-to-come-into-effect-14160534",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T08:13:11.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/proposed-fees-on-upi-merchant-transactions-above-rs-2k-postpone-to-after-festivals/articleshow/134912161.cms"
  },
  "original_language": "en",
  "account": "Mumbai: The National Payment’s Corporation of India's (NPCI) UPI and Services Steering Committee has postponed the implementation of merchant discount rates (MDR) on select person-to-merchant UPI transactions until after Diwali. The decision was made to avoid adding to business costs and hitting consumption during the economic headwinds of the festive season. The revised rollout is now expected to take effect post Diwali instead of the originally planned October 15. The MDR framework, approved by the NPCI on September 15, was to charge a 0.4% fee on eligible person-to-merchant UPI transactions exceeding Rs 2,000, with a cap of Rs 300 for transactions of Rs 75,000 and above.",
  "summary": "The government has announced a delay in implementing the Merchant Discount Rate for Unified Payments Interface transactions, pushing back the launch initially scheduled for October 15 to after Diwali. This postponement aims to avoid potential payment disruptions amid the festive shopping surge, allowing payment companies additional preparation time for the upcoming changes. This initiative was…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Times of India",
        "title": "MDR on UPI transactions over Rs 2,000 deferred; to come into effect post Diwali",
        "url": "https://urgent.news/2026/10/13/mdr-on-upi-transactions-over-rs-2-000-deferred-to-come-into-effect",
        "published": "2026-10-13T08:13:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}