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UPI 0.4% MDR Charge May Be Deferred To January 2027 As Traders Demand Rollback Ahead Of October 15
Mumbai: Retailers have urged the government to roll back the proposed 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions, even as reports on Thursday suggested that the rollout announced for October 15 could be deferred to January 2027. Quoting a regulatory official and an industry executive familiar with the discussions, reports said the National Payments…
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