Mumbai, 13 October 2026: UPI and Services Steering Committee today decided that, keeping in mind the festive season, Merchant Discount Rate (MDR) on select Person-to Merchant (P2M) UPI transactions, shall be implemented immediately post Diwali at a date to be notified separately.
The Press Release can be accessed at: https://www.npci.org.in/uploads/UPI_MDR_on_Select_Merchant_Transactions_Shall_be_Implemented_Post_Diwali_4c9cdd77d5.pdf
