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MDR charges on UPI payments to be imposed after Diwali: NPCI
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The National Payments Corporation of India (NPCI) has deferred the proposed Merchant Discount Rate (MDR) on high-value P2M UPI transactions until after Diwali.
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MDR charges on UPI payments to be imposed after Diwali: NPCI
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New Delhi: Amid speculation that the merchant fee on high-value UPI payments will be delayed from its announced start date of October 15, the National Payments Corporation of India (NPCI) on Tuesday said that the proposed Merchant Discount Rate (MDR) on person-to-merchant payments will only come into force after Diwali.
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