India may delay 0.4% UPI MDR until January 2027
In short
India is considering delaying a 0.4% fee on UPI payments above ₹2,000 until January 2027. Smaller merchant payments and person-to-person transfers would still be free.
The delay could give payment companies and merchants more time to adjust. It is not yet known whether the plan will be approved or how small merchants may be helped.
What the reporting says
India is considering delaying a 0.4% merchant discount rate on UPI transactions above ₹2,000 until January 2027, according to a publisher summary. The reported postponement would give payment companies time to update systems and merchants time to prepare. Person-to-person transfers and smaller merchant payments would stay free. What is still unknown is whether the plan will be approved and how any small-merchant support would work.
Why it matters
India is considering postponing a 0.4% merchant discount rate on UPI payments above ₹2,000 until January 2027, based on a publisher-supplied summary. The reported effect would be to give payment companies time to update systems and merchants time to prepare, while person-to-person payments and smaller merchant transactions remain free. It is not stated in the available reporting whether the delay has been approved or who would enforce it.