Mumbai, Sept. 24 -- Despite pushback from various quarters over the reintroduction of merchant discount rate (MDR) charges on payments through the Unified Payments Interface (UPI), the National Payments Corporation of India (NPCI) is unlikely to make any immediate changes to the fee structure and will instead wait for more data before reviewing it.

"We would like to avoid any sudden change,'' managing director and chief executive officer Dilip Asbe said at the sidelines of the SBI Banking and Economics Conclave on Thursday. The charges are needed to support investment in technology, cybersecurity and infrastructure as growth in UPI transactions has slowed and investments in the ecosystem have declined, Asbe said.

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