NPCI postpones UPI MDR rollout until after Diwali
In short
NPCI has postponed the MDR levy on some UPI merchant transactions. The rollout had been due from October 15, but the new start date will be after Diwali.
This matters for merchants, payment companies, and users because the fee change is delayed for now. The report says the fee structure is unchanged, but the exact new date is not yet known.
What the reporting says
NPCI postponed the levy of MDR on select UPI merchant transactions that was originally due from October 15, according to publisher summaries. The decision was made after industry opposition and a legal challenge, and the Supreme Court sought explanations from NPCI, RBI and the Centre. The immediate effect is a delay in the fee rollout while the proposed fee structure stays unchanged; the new date has not been announced.
Why it matters
NPCI deferred the levy of MDR on select UPI merchant transactions that had been scheduled to begin on October 15. The delay followed industry opposition and a legal challenge, and the Supreme Court asked NPCI, RBI and the Centre to explain the move. This postponement affects the timing of merchant fees, but the new start date and any further changes to the structure were not stated.