NPCI Defers UPI MDR Implementation Till Post Diwali

by · Inc42

SUMMARY

  • NPCI has deferred MDR on select UPI merchant transactions until immediately after Diwali, with a revised date to be notified separately
  • The delay gives affected merchants a reprieve from the new payment processing charges during the festive shopping season
  • The UPI and Services Steering Committee took the decision today, citing the festive season