UPI transactions free until Diwali!
Merchants and consumers have received significant relief ahead of the Dussehra and Diwali festivals. The National Payments Corporation of India (NPCI) announced on Tuesday that the implementation of the Merchant Discount Rate (MDR) has been postponed from October 15 to a date after Diwali. The ‘UPI and Services Steering Committee’ has decided to implement the MDR (Merchant Discount Rate) on selected Person-to-Merchant (P2M) transactions immediately after Diwali, keeping the festive season in mind.
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