UPI MDR rollout may be deferred beyond festive season to Jan 1: Report

A proposal to delay the implementation of merchant discount rates on Unified Payments Interface, known as UPI MDR, may be put off until January 1. This potential delay aims to provide relief to traders and businesses during the festive season. If implemented, the delay would give them more time to adjust to the new rates, which could otherwise increase transaction costs during the busy sales period. This delay could have a positive impact on the economy, as it would help to minimize disruptions to trade and commerce.

Why it matters

The delay in implementing merchant discount rates on Unified Payments Interface may reduce the burden on merchants. This could lead to increased adoption of digital payments, as merchants may be more willing to accept UPI payments without the additional cost

Market impact

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Likely winners & losers

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