NPCI delays UPI MDR start to after Diwali
In short
NPCI said the MDR on UPI was supposed to start on October 15, but it will now begin after Diwali. The report does not say the fee amount.
This matters for payment companies and merchants because a new charge is delayed. It is still not clear why the change was pushed back.
What the reporting says
NPCI said the MDR on UPI, which was to apply from October 15, will now come into force after Diwali. The notification delays the start date, but the reporting does not specify the MDR rate, the reason for the deferment, or which firms are directly affected. The delay matters for payment companies and merchants because it pushes back a possible cost change.
Why it matters
NPCI notified that the MDR on UPI, earlier due from October 15, will now take effect after Diwali. The report does not state the charge level or the reason for the deferment. This delay matters for payment players and merchants because it postpones a potential change in transaction costs and revenue dynamics.