NPCI Likely to Announce UPI MDR Postponement Tomorrow Afternoon
· Business · Moneycontrol
The National Payments Corporation of India is expected to announce a postponement of the proposed Merchant Discount Rate on Unified Payments Interface transactions tomorrow afternoon. The decision is set to follow a meeting of the Steering Committee convened to review industry feedback and technical readiness. Banking stakeholders and fintech operators have been closely monitoring the discussions amid concerns over potential cost impacts on digital transaction volumes. A formal circular detailing the revised timeline is anticipated immediately after the consultations conclude.
Why it matters
A postponement of the UPI MDR would relieve merchants and fintech operators from immediate transaction fee burdens, keeping digital payments free and accessible for millions of everyday users.
Read the original report — Moneycontrol
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