NPCI defers UPI MDR rollout to post Diwali
The National Payments Corporation of India (NPCI) has deferred the implementation of the merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions until after Diwali.
Via Entrackr
The decision was taken by the UPI and Services Steering Committee on October 13, keeping the festive season in mind. The framework was originally scheduled to take effect from October 15.
New Update
The National Payments Corporation of India (NPCI) has deferred the implementation of the merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions until after Diwali. The revised implementation date will be notified separately.
The decision was taken by the UPI and Services Steering Committee on…
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