Wire · operational-macro
NPCI postpones UPI MDR charges rollout to post-diwali, second week of November
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Fusion42 · 13 October 2026 · Fusion42 review
NPCI has postponed the rollout of MDR charges on UPI transactions to the second week of November, after initially planning to implement them during the ongoing festival season. The UPI Steering Committee set the MDR fee at 0.4% for transactions above Rs 2,000, facing opposition from merchants and political groups due to UPI's widespread use.
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 MDR rollout on UPI that keeps smaller merchants operational through Diwali but makes pricing uncertainties linger. This pause opens a window to adjust pricing models or merchant contracts before charges begin in November.
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44 sources · first reported 15 Sep 2026 · latest 17 Oct 2026
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