UPI MDR rollout on select payments delayed beyond Diwali
In short
The rollout of MDR on some UPI payments has been delayed until after Diwali. That is what the ETtech summary says.
This matters for UPI users and payment companies because a fee change will not start yet. The report does not say which payments are covered or what the fee will be.
What the reporting says
Implementation of MDR on select UPI payments has been deferred beyond Diwali, according to the ETtech summary. The note does not say which transactions are covered, what the MDR rate will be, or who asked for the delay. The immediate effect is that the charge will not start on the earlier timetable, leaving the final rollout details unknown.
Why it matters
The implementation of MDR on select UPI payments has been pushed back beyond Diwali, according to the ETtech summary. That delay affects UPI users, merchants and payment companies that would have been subject to the charge. However, the reporting does not state the MDR rate, the covered transaction types, or the official reason for the deferment.