Traders and merchants can breathe a sigh of relief this festive season as the National Payments Corporation of India (NPCI) announced on Tuesday, October 13, that the implementation of the Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 has been postponed. Originally slated to roll out on October 15, the measure affecting certain Person-to-Merchant (P2M) payments has been deferred until immediately after Diwali by the UPI and Services Steering Committee, with the specific new rollout date to be notified separately.
NPCI Pushes Back UPI MDR Rollout for Transactions Above Rs 2,000 to Post-Diwali Period
