NPCI defers UPI MDR fee decision until Diwali 2026
In short
NPCI said on Tuesday that it has deferred the UPI MDR fee decision until Diwali 2026. The update came through its X handle.
This matters for payment companies such as Paytm, Pine Labs, One MobiKwik, Moneyview and Zaggle. The report does not say what the fee will be or why the decision was pushed back.
What the reporting says
NPCI deferred the UPI MDR fee decision until Diwali 2026, according to a post from its X handle on Tuesday. The reporting links the move to shares of Paytm, Pine Labs, One MobiKwik, Moneyview and Zaggle, but it does not state the policy details or why the decision was delayed. The immediate consequence is continued uncertainty for UPI payment firms.
Why it matters
NPCI deferred the UPI MDR fee decision until Diwali 2026 and announced it on its X handle. The move matters for listed and unlisted payment-related firms such as Paytm, Pine Labs, One MobiKwik, Moneyview and Zaggle, because any MDR change could affect their economics. The reporting does not state the fee level, the reason for the delay, or the eventual policy outcome.