UPI merchant fee rollout scheduled for October 15 may be pushed to January: Report
First reported 8 Oct, 13:18 UTCUpdated 2d ago4 sources
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Under the new MDR framework, merchants accepting UPI payments above ₹2,000 would have to pay a fee of 0.4% of the transaction value.
Excerpt from Hindustan Times
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New Delhi: Shares of Paytm, One Mobikwik Systems and other fintech firms ended lower on Thursday, October 8, amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration. One 97 Communications, which owns the Paytm brand, tanked 10 per…
Under the new MDR framework, merchants accepting UPI payments above ₹2,000 would have to pay a fee of 0.4% of the transaction value.
Shares of Paytm, One Mobikwik Systems and other fintech firms rebounded on Friday, a day after they ended lower amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration. Shares of One 97 Communications, which owns the Paytm brand…
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- Paytm, Mobikwik shares fall amid UPI MDR rollout delay reports (opens The Siasat Daily in a new tab)
New Delhi: Shares of Paytm, One Mobikwik Systems and other fintech firms ended lower on Thursday, October 8, amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration. One 97 Communications, which owns the Paytm brand, tanked 10 per…
- NPCI likely to defer UPI MDR rollout, announcement expected on Friday: Report (opens Business Today in a new tab)
On September 15, the government announced the 0.4% MDR on UPI merchant transactions above Rs 2,000, with implementation initially scheduled for October 15
- UPI merchant fee rollout scheduled for October 15 may be pushed to January: Report (opens Hindustan Times in a new tab)
Under the new MDR framework, merchants accepting UPI payments above ₹2,000 would have to pay a fee of 0.4% of the transaction value.
- Will MDR on UPI be postponed to January 1? Paytm, One Mobikwik, shares rebound amid uncertainty (opens India TV in a new tab)
Shares of Paytm, One Mobikwik Systems and other fintech firms rebounded on Friday, a day after they ended lower amid reports that a proposal to defer the rollout of merchant discount rate (MDR) on UPI to January 1, from October 15, is under consideration. Shares of One 97 Communications, which owns the Paytm brand…
