NewzThe Indian government has officially deferred the implementation of the Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions exceeding Rs 2,000. Originally slated to begin on October 15, the policy will now take effect following the Diwali festival period.
This postponement is intended to ensure stability within the digital payment ecosystem during the peak festive shopping season. By delaying the rollout, authorities aim to prevent potential technical or operational disruptions that could impact consumers and merchants during a period of high transaction volume.
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