India, Oct. 9 -- The government is reportedly mulling postponing the rollout of the Merchant Discount Rate (MDR) on large payments via the Unified Payments Interface by a few months.

The fee, which was set to come into effect on October 15, might now be implemented from January, Reuters news agency reported citing an industry executive and a regulatory official familiar with discussions. Moneycontrol had first reported the delay in rollout.

HT has not independently verified the information.

Under the new MDR framework, merchants accepting UPI payments above Rs.2,000 would have to pay a fee of 0.4% of the transaction value. Person-to-person transfers will be exempted from the charge, and payments to certain categories will attract a fla...