NPCI Defers MDR Implementation on UPI Transactions Above ₹2,000 Until After Diwali
The National Payments Corporation of India (NPCI) has deferred the implementation of Merchant Discount Rate (MDR) on select UPI transactions exceeding ₹2,000. Originally scheduled for October 15, the charges will now be applied after the Diwali festival. This decision provides relief to merchants during the festive season, following objections from merchant organizations and fintech companies.
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What Happened
The National Payments Corporation of India (NPCI) has postponed the implementation of Merchant Discount Rate (MDR) on certain UPI transactions. This charge, which was set to apply to transactions above ₹2,000, was initially planned for October 15 but has now been deferred until after Diwali.
The deferral was made in consideration of the festive season, following reports of objections from merchant organizations and fintech companies regarding the new charges. The exact date for the implementation of these charges will be announced later.
Key Facts
- MDR was to be applied to UPI transactions exceeding ₹2,000.Hindustan TimesDharitriSambadQaumi Awaz
- The proposed MDR was 0.4% of the transaction value.Hindustan TimesDharitriQaumi Awaz
- The implementation was originally scheduled for October 15.Hindustan TimesAmar UjalaQaumi Awaz
- The implementation has been deferred until after Diwali.Amar UjalaNamasthe TelanganaThe Times of IndiaDharitriDeccan HeraldSambadQaumi Awaz
- NPCI issued a press note on October 13 regarding the deferral.DharitriQaumi Awaz
The Timeline10
Every article on this story, in the order it was filed. We do not rank the outlets. Headlines filed in other languages are machine-translated.
8 Oct
9 Oct
13 Oct
- TOIThe Times of IndiaMDR on UPI transactions over Rs 2,000 deferred; to come into effect post Diwali
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Coverage widthMeasured across 9 newsrooms
The newsrooms covering this led with much the same thing. Distance between the headlines newsrooms led with on this story. It measures headlines, not the reporting beneath them.
The two furthest apart
- HTHindustan TimesUPI merchant fee rollout scheduled for October 15 may be pushed to January: Report
- UjAmar UjalaGovernment's big decision on charges for UPI payments, relief for shopkeepers in festive seasonयूपीआई पेमेंट पर चार्ज को लेकर सरकार का बड़ा फैसला, त्योहारी सीजन में दुकानदारों को मिली राहत
CoverageWhat we read
Language reach
Dailies carrying this story, against the dailies we read in each language.
- English3 of 9
- Hindiहिन्दी1 of 2
- Bengaliবাংলা1 of 2
- Teluguతెలుగు1 of 2
- Urduاردو1 of 2
- Odiaଓଡ଼ିଆ2 of 2
Regional reach
Where this story reached, and where it did not. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.
- None carried this
- No source registered
- 1 outlet
- 2 or more
- NorthCarried2 of 4
- WestNot carried0 of 5
- Central IndiaNot carried0 of 1
- EastCarried4 of 5
- North-eastCarried1 of 2
- SouthCarried2 of 10
13 of the 26 states we read have local coverage. Spread across the country, with no regional concentration. Also carried by 2 national mastheads.
About This Analysis
One summary, built from every source. No single newsroom's voice.
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Paksh: the sides a story is told from. 9 newsrooms filed on this one, and every filing is listed above.