UPI MDR rollout may be deferred beyond festive season to Jan 1; shares fall: Report

A proposal is under consideration to delay the implementation of Merchant Discount Rates for Unified Payments Interface. This decision is expected to relieve retailers during the festive season and was initially set for October 15. Recent protests by traders against MDR introduction led to consultations among industry stakeholders. Payment aggregators like Paytm and Mobikwik saw significant share declines due to this news.