The rollout of merchant discount rate (MDR) on select UPI transactions is expected to be postponed to Jan 2027 against the earlier date of Oct 15 with an announcement expected over the next couple of ...
MDR represents a cost associated with accepting a digital payment, and the relative economics for merchants can vary across payment instruments and transaction types.The impact on consumers, however, will depend on how the ecosystem responds.
The National Payments Corporation of India (NPCI), which operates the UPI network, is expected to take a call on the request in the next couple of days ....