NPCI defers MDR implementation on select UPI P2M transactions to post-Diwali

The National Payments Corporation of India (“NPCI”) has informed that, in view of the festive season, the UPI and Services Steering Committee has decided to defer the implementation of the Merchant Discount Rate on select Person-to-Merchant (P2M) UPI transactions post Diwali at a date to be notified separately.

Source: National Payments Corporation of India