UPI MDR Rollout May Be Deferred To January 2027 Amid Pushback By Retailers
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The introduction of a merchant discount rate (MDR) on select UPI transactions may be deferred from October 15 to January 1, 2027, amid pushback from retail traders’ associations.
A proposal to postpone the rollout is under consideration, with a final decision expected in the coming days, Business Standard reported. A deferment would keep eligible merchant payments free of MDR through the festive season.
Members of the UPI and Services Steering Committee, headed by the National Payments Corporati
A proposal to postpone the rollout is under consideration, with a final decision expected in the coming days, Business Standard reported. A deferment would keep eligible merchant payments free of MDR through the festive season.
Members of the UPI and Services Steering Committee, headed by the National Payments Corporati
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