Regulatory
UPI MDR decision expected today; industry anticipates deferral to January 2027
8 October 2026 · The Hindu BusinessLine
A decision on the Merchant Discount Rate (MDR) for UPI is likely today, with the industry expecting it to be deferred to January 2027. The panel includes the Indian Banks' Association (IBA), the Payments Council of India (PCI), and representatives of banks, payment service providers (PSPs) and various associations.
Points to Remember
- Decision on UPI MDR is likely to be announced today.
- Industry expects the decision to be deferred to January 2027.
- Panel includes the Indian Banks' Association (IBA) and the Payments Council of India (PCI).
- Also represented: banks, payment service providers (PSPs) and various associations.
Why it matters
If MDR on UPI is deferred to January 2027, merchants and PSPs get more time before any charges apply, which could mean fewer immediate pricing queries and product changes for your customers.
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