UPI Merchant Charges Above Rs 2,000 Deferred, New Date After Diwali
Deccan Chronicle 2 hrs ago·13 Oct 2026, 8:41 am
The National Payments Corporation of India (NPCI) has deferred the implementation of merchant charges for UPI transactions above Rs 2,000. This decision, effective immediately, postpones the fee collection to a date after Diwali, likely November 1st. The move aims to reduce the immediate financial burden on small merchants and consumers during the festive season.
This policy shift is significant for the broader market as it maintains the zero-cost structure for high-value digital payments. For investors, this decision supports the continued growth of digital adoption and reduces operational costs for fintech platforms and payment aggregators that rely on high transaction volumes.
Investors should watch for the official notification regarding the new implementation date. The market will also react to any subsequent statements from NPCI or the Reserve Bank of India regarding the long-term strategy for UPI fee structures.
Excerpt from Deccan Chronicle
The MDR has to be paid by merchants, not consumers and capped at Rs 300 for transactions of Rs 75,000 or more New Delhi: In a major relief to UPI users, the decision to levy a Merchant Discount Rate of 0.4 per cent on transactions over Rs 2,000 has been deferred, with NPCI on Tuesday saying a new date for the…Read the original at Deccan Chronicle
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