Summary of this article
NPCI has postponed MDR charges on select merchant UPI transactions that were due to begin on October 15.
The rollout will now take place immediately after Diwali, with a fresh date to be announced.
Merchant bodies and payments firms had raised concerns about business costs and consumer sentiment during the festive season.
The National Payments Corporation of India (NPCI) has deferred the rollout of Merchant Discount Rate (MDR) charges on select Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions until immediately after Diwali. The new implementation date has not yet been announced.
