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Wire · operational-macro

NPCI defers MDR on select UPI merchant transactions till after Diwali

13 October 2026 · By · Wire by Fusion42

Published

13 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at thesouthfirst.com →

◆ Verified

Fusion42 · 13 October 2026 · Fusion42 review

NPCI has postponed the implementation of a 0.4% Merchant Discount Rate (MDR) on select UPI person-to-merchant transactions from 15 October to post-Diwali. Kerala hotels have delayed stopping UPI payments above ₹2,000 in protest of the MDR due to financial strain on businesses.

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

You face a delayed cost increase on UPI transactions above ₹2,000, giving you more time to adapt pricing or payment options. The fight over MDR signals merchants may push back again if authorities do not clarify or adjust fees soon.

◆ Coverage

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

◆ Related on Wire

◆ Topics

Fintechupimdrmerchant-feesdigital-paymentsindiafintech-regulation