National · National
UPI MDR on select merchant transactions shall be implemented post Diwali
Source: The Hindu — National · 3 hr ago
Summary
The National Payments Corporation of India (NPCI) announced that the Merchant Discount Rate (MDR) for certain person‑to‑merchant UPI transactions will start being applied after Diwali. The exact date for the implementation will be communicated later. This change affects only selected merchant transactions.
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From the original report
Merchant Discount Rate (MDR) on select Person-to-Merchant UPI transactions shall be implemented post-Diwali immediately on a date to be notified separately, says NPCI
Excerpt from The Hindu — National.
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