MDR on UPI transactions over Rs 2,000 deferred; to come into effect post Diwali
The government has announced a delay in implementing the Merchant Discount Rate for Unified Payments Interface transactions, pushing back the launch initially scheduled for October 15 to after Diwali. This postponement aims to avoid potential payment disruptions amid the festive shopping surge, allowing payment companies additional preparation time for the upcoming changes. This initiative was expected...
Key Takeaways
- The government has announced a delay in implementing the Merchant Discount Rate for Unified Payments Interface transactions, pushing back the launch initially scheduled for October 15 to after Diwali.
- This postponement aims to avoid potential payment disruptions amid the festive shopping surge, allowing payment companies additional preparation time for the upcoming changes.
- This initiative was expected to generate new revenue streams for these companies.
The government has announced a delay in implementing the Merchant Discount Rate for Unified Payments Interface transactions, pushing back the launch initially scheduled for October 15 to after Diwali. This postponement aims to avoid potential payment disruptions amid the festive shopping surge, allowing payment companies additional preparation time for the upcoming changes. This initiative was expected to generate new revenue streams for these companies.
Original Publisher Attribution
This summary was curated from Times of India.