NPCI Presses Pause On UPI MDR Until After Diwali

The National Payments Corporation of India (NPCI) has decided to press the pause button on the merchant discount rate (MDR) for some UPI transactions until after Diwali. This festive break gives merchants a chance to breathe easy! Initially set for October 15, the new date will be revealed later. Meanwhile, UPI continues to shatter records with millions of transactions happening daily!