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Wire · operational-macro

NPCI Defers 0.4% MDR Charges On Select UPI Transactions Until After Diwali

13 October 2026 · By · Wire by Fusion42

Published

13 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at guwahatiplus.com →

◆ Verified

Fusion42 · 13 October 2026 · Fusion42 review

The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4% Merchant Discount Rate (MDR) charge on select Unified Payments Interface (UPI) transactions until after the Diwali festival.

This Wire brief sits within Fusion42's coverage of Fintech, and 44 sources have reported it between 15 Sep 2026 and 17 Oct 2026.

◆ ◆ The Wire takeaway

NPCI's delay in charging MDR on UPI transactions opens a temporary cost window for payment startups and merchants to accelerate adoption before new fees kick in.

◆ Coverage

44 sources · first reported 15 Sep 2026 · latest 17 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdr-chargesnpcindiapayment-regulationindia