NEW The Hindu
Sun 18 Oct 2026 12:21:07 AM
NPCI pushes back UPI MDR rollout to ‘immediately after Diwali’
SUMMARY
NPCI has postponed the implementation of Merchant Discount Rate (MDR) on UPI transactions to immediately after Diwali. MDR is a fee merchants pay to banks for processing digital payments. This move aims to give stakeholders more preparation time, impacting merchants and payment ecosystems nationwide.
Relevant For:
Prelims + Mains
GS - III
Economy
Focus Area
Digital Payment Systems
Merchant Discount Rate
UPI Transaction Costs
Fintech Regulation
Financial Inclusion
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