NPCI defers levy of MDR on UPI transactions; no new date announced for implementation

New Delhi, Oct 13: 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 implementation will be decided after Diwali. According to the National Payments Corporatio…