UPI Merchant Charges on Payments Above Rs 2,000 to Come Into Effect After Diwali
Jammu, Oct. 13 -- Share Tweet Share New Delhi, Oct 13 (KNS): The implementation of merchant discount rate (MDR) charges on select Unified Payments Interface (UPI) transactions exceeding Rs 2,000 has been deferred until after Diwali, the National Payments Corporation of India (NPCI) said on Tuesday. The decision was taken by the UPI and Services Steering Committee, keeping in view the festive season and requests from traders to postpone the rollout, which was earlier scheduled to begin on October 15. "The UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions shall be implemented immediately post Diwali at a date to be noti...
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