NPCI defers UPI MDR rollout until after Diwali
In short
NPCI has delayed the start of merchant discount rate, or MDR, on some UPI person-to-merchant payments until after Diwali. The report does not give the exact new date or say which merchant groups are covered.
This matters because MDR can affect payment costs for merchants and UPI-linked businesses. The size of the impact is still not stated in the available reporting.
What the reporting says
NPCI deferred the introduction of merchant discount rate on select UPI person-to-merchant transactions, according to the report. The move delays a planned change in UPI payment economics for merchants and payment providers. The source does not state the new start date beyond post-Diwali, or which merchant categories are affected.
Why it matters
NPCI has deferred the introduction of MDR on select UPI person-to-merchant transactions until after Diwali. That postpones a change that could affect merchants and payment firms by altering how UPI transactions are priced. The available summary does not say which transaction types are included, whether any fee rate was set, or how large the financial impact may be.