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Wire · operational-macro

NPCI defers UPI MDR on select merchant payments until after Diwali

13 October 2026 · By · Wire by Fusion42

Published

13 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at bfsi.economictimes.indiatimes.com →

◆ Verified

Fusion42 · 13 October 2026 · Fusion42 review

The National Payments Corporation of India (NPCI) has postponed the implementation of the Merchant Discount Rate (MDR) on select UPI merchant payments until after the Diwali festival, with the new start date yet to be announced.

This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 8 Oct 2026 and 13 Oct 2026.

◆ ◆ The Wire takeaway

NPCI's delay in applying MDR on certain UPI payments opens a short window to accelerate merchant onboarding without immediate cost pressure. You should use this temporary relief to expand your UPI payment acceptance rapidly before fees return.

◆ Coverage

3 sources · first reported 8 Oct 2026 · latest 13 Oct 2026

◆ Related on Wire

◆ Topics

FintechUPIMDRmerchant-paymentsIndiaNPCI