UPI MDR charges on select Person-to-Merchant (P2M) transactions will be implemented immediately after Diwali 2026, with the revised date to be announced separately. The Confederation of All India Traders (CAIT) has welcomed the decision, highlighting the relief it is expected to provide to traders during the festive season.
Quick Summary
- MDR charges on select Person-to-Merchant (P2M) UPI transactions have been deferred until after Diwali 2026.
- The revised implementation date will be announced separately.
- CAIT welcomed the decision and thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.
- CAIT had met the Finance Minister on September 30, 2026, to request a postponement.
- The deferment is expected to provide relief to traders during the festive season.
- CAIT emphasised the importance of strengthening the digital economy through coordination between the government and traders.
Decision Expected to Provide Relief to Traders During the Festive Season
The decision is expected to provide relief to traders during the festive season, with CAIT expressing gratitude to the Prime Minister and Finance Minister.
UPI MDR Implementation Deferred Until After Diwali
The UPI and Services Steering Committee has decided to defer the implementation of Merchant Discount Rate (MDR) charges on select Person-to-Merchant (P2M) UPI transactions until after Diwali. The implementation date will be announced separately.
CAIT Thanks Prime Minister and Finance Minister
Welcoming the decision, the Confederation of All India Traders (CAIT) expressed its gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for considering the concerns and demands of the trading community.
CAIT Had Requested Postponement of MDR Charges
CAIT’s delegation had met the Finance Minister on September 30, 2026, and urged the government to postpone the proposed MDR charges, highlighting the potential impact on traders, particularly during the festive season.
Decision Expected to Maintain Confidence in Digital Payments
The decision to defer the charges is expected to provide relief to traders during the ongoing festive period and help maintain their confidence in the digital payments ecosystem.
CAIT Highlights the Need for an Economically Empowered Trading Community
CAIT emphasised that a strong digital economy requires an economically empowered trading community. It also highlighted the importance of coordination between the government and traders in building a robust, inclusive and self-reliant digital India.
Revised MDR Implementation Date Awaited
While the implementation of MDR charges has been deferred, the committee is expected to notify the revised implementation date separately.
FAQs
What is the latest update on UPI MDR charges?
The implementation of MDR charges on select Person-to-Merchant (P2M) UPI transactions has been deferred until after Diwali 2026.
When will UPI MDR charges be implemented?
The charges are scheduled to be implemented immediately after Diwali, with the exact date to be notified separately.
What does MDR stand for?
MDR stands for Merchant Discount Rate, a fee associated with processing merchant transactions.
What is CAIT’s response to the decision?
The Confederation of All India Traders (CAIT) welcomed the decision and expressed gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman.
When did CAIT meet the Finance Minister regarding MDR charges?
CAIT’s delegation met the Finance Minister on September 30, 2026, to request the postponement of the proposed MDR charges.
Why is the deferment significant for traders?
The deferment is expected to provide relief to traders during the festive season and help maintain confidence in the digital payments ecosystem.
Have the proposed MDR charges been cancelled?
No. The implementation has been deferred until after Diwali. The revised implementation date will be announced separately.
Source: SVAR Media Network
About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media
SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.
Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.
Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.
SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…
Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.
Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Media, Updates, Podcasts & more…
