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Wire · operational-macro

UPI select payment charges for merchants to be imposed after Diwali, says NPCI

13 October 2026 · By · Wire by Fusion42

Published

13 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at indianexpress.com →

◆ Verified

Fusion42 · 13 October 2026 · Fusion42 review

The National Payments Corporation of India (NPCI) announced that Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions will be implemented immediately after Diwali, with the exact date to be notified later.

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

The introduction of MDR charges on UPI payments means you need to reassess your pricing and customer acquisition strategies now, as increased costs to merchants could shift payment preferences.

◆ Coverage

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

◆ Related on Wire

◆ Topics

FintechUPImerchant-discount-rateNPCIpaymentsIndia