NPCI defers UPI MDR rollout until after Diwali
In short
NPCI has delayed the rollout of MDR on some UPI transactions until after Diwali. It says the festive season was part of the reason for the delay.
This matters to users and merchants because the charge will not begin yet. The report does not say the new date or exactly which UPI transactions are covered.
What the reporting says
The NPCI has deferred implementation of MDR on select UPI transactions until a date after Diwali. The publisher summary says the delay was made with the festive season in mind, but it does not give the new rollout date or specify which transactions will be affected. The immediate effect is that the charge will not start during the festival period.
Why it matters
NPCI has deferred the implementation of MDR on select UPI transactions to a date after Diwali. The source says the festive season was taken into account, but it does not name the new date or the exact transaction set. That leaves merchants, payment users and payment firms waiting for further clarity on when and where the fee applies.