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UPI MDR fee: Why did the Govt decide to implement charges post-Diwali 2026? Read on to know more

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By Livemint Staff

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UPI MDR fee update: NPCI has deferred the implementation of Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions until after Diwali 2026. The exact date is yet to be announced. The deferment does not mean the proposed charges have been cancelled.

NPCI has postponed MDR charges on select merchant UPI transactions until after Diwali 2026. Here’s why the rollout was delayed, what merchants need to know and when the charges may take effect. (AI-generated image for representational purposes only)
Photo credit: Livemint

The Merchant Discount Rate (MDR) on select person-to-merchant (P2M) Unified Payments Interface (UPI) transactions will be implemented after Diwali 2026, according to an announcement by the National Payments Corporation of India (NPCI) on October 13.

The decision comes amid the ongoing festive season, when digital payments are widely used for shopping, dining and other everyday purchases.

The UPI and Services Steering Committee discussed the matter and decided to defer the implementation until immediately after Diwali. The exact implementation date will be announced separately.

Originally published by Livemint on Oct 13, 2026 Read the full article at livemint.com

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UPI MDR fee: Why did the Govt decide to implement charges post-Diwali 2026? Read on to know more

UPI MDR fee update: NPCI has deferred the implementation of Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions until after Diwali 2026. The exact date is yet to be announced. The deferment does not mean the proposed charges have been cancelled.

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