NPCI defers UPI MDR levy until after Diwali
In short
NPCI has delayed the MDR charge on some UPI merchant payments until after Diwali, instead of starting on October 15. The fee plan itself was not changed, according to the summaries.
This matters for merchants and UPI users because the extra charge will not begin during the festive season. The new start date has not been announced yet.
What the reporting says
NPCI has postponed the levy of MDR on select UPI merchant transactions, originally due from October 15, until after Diwali. The publisher summaries say the proposed fee structure was left unchanged, and the exact new date was not stated. The immediate effect is a delay for merchants and payment users, while the eventual rollout timing remains unknown.
Why it matters
NPCI has deferred the levy of MDR on select UPI merchant transactions that had been due from October 15, according to publisher summaries. The proposed fee structure was reportedly left unchanged, but the new implementation date was not stated. This affects merchants using UPI and keeps the festive-period rollout on hold, though the final timing and scope remain unclear.