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Wire · operational-macro

MDR on select UPI merchant transactions to be implemented after Diwali

13 October 2026 · By · Wire by Fusion42

Published

13 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at ddindia.co.in →

◆ Verified

Fusion42 · 15 October 2026 · Fusion42 review

India's National Payments Corporation (NPCI) will implement a Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) person-to-merchant transactions after the Diwali festival, with details on scope and rates pending.

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 should prepare for new costs on some UPI merchant transactions as MDR rules change after Diwali. This could affect pricing strategies and partnerships with merchants using UPI payments.

◆ Coverage

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

◆ Related on Wire

◆ Topics

Fintechupimdrmerchant-chargesnpcdigital-payments