Regulatory13 Oct 2026, 02:32 pm
NPCI Defers MDR on UPI P2M Transactions Post-Diwali
AI Summary
One 97 Communications Ltd (Paytm) has provided an update regarding the National Payments Corporation of India (NPCI) circular on the levy of Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) UPI transactions. Following the NPCI's press release on October 13, 2026, the implementation of MDR on these transactions has been deferred. The levy will now be implemented after the festive season, with a specific date to be announced later by NPCI. This decision aims to provide relief during the busy festive period.
Key Highlights
- NPCI has postponed the MDR levy on select UPI P2M transactions.
- Implementation is now scheduled for after the festive season.
- A new date for MDR implementation will be notified separately.
- This provides a temporary reprieve from the MDR charges.
Price Impact
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