Govt postpones UPI charges until after Diwali

The National Payments Corporation of India (NPCI) has postponed the rollout of a 0.4% merchant discount rate (MDR) on UPI person-to-merchant transactions above ₹2,000 until after Diwali, with the revised date to be announced separately. The fee, announced last month, was set to take effect on October 15. NPCI said the decision was taken keeping the festive season in mind.