Report
Proposed UPI merchant fee rollout delayed until after Diwali
Inc42 reports the proposed 0.40% fee would apply to eligible merchant transactions above ₹2,000, capped at ₹300 per transaction.
TLDR
Inc42 reports that NPCI pushed the proposed UPI merchant discount rate (MDR) rollout past Diwali, moving its October 15 deadline to account for the festive season. No new implementation date has been announced. The proposed fee would leave transactions up to ₹2,000 and person-to-person transfers exempt; retail groups warn it could raise costs.
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