TRN Business
UPI-MDR Implementation Set for Post-Diwali Launch
The UPI Merchant Discount Rate (MDR) for certain Person-to-Merchant transactions will take effect after Diwali. The National Payments Corporation of India announced this decision following a meeting of the UPI and Services Steering Committee. The implementation is timed to follow the festive season to minimize impact on consumers and merchants. This change aims to regulate transaction costs associated with UPI payments in India.
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