Summary of this article
The govt is considering postponing the 0.4% MDR on eligible UPI transactions above ₹2,000
The rollout could be pushed from October 15 to January, with a final NPCI decision expected soon
GTRI had also urged the government to withdraw the fee and keep UPI free for merchants and consumers
India is considering delaying the rollout of a proposed Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) transactions beyond October 15, with the fee potentially coming into effect from January, as per a report by Reuters.
A final decision is yet to be taken by the National Payments Corporation of India (NPCI), but a decision is expected in the coming days, the report said.
