The Economic Times

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

A proposal to defer the implementation of merchant discount rates on Unified Payments Interface transactions is being considered. This decision is expected to provide relief for retailers during the festive season. The MDR rollout was initially set to occur on October 15, but stakeholders raised concerns about potential cost increases for businesses. A committee meeting was held to discuss the timing and possible exemptions for small businesses.