Government of India Extends MDR Deadline for UPI Transactions
1 report, 1 independent
Updated Oct 14
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The Government of India extended the deadline for implementing the Merchant Discount Rate (MDR) on UPI transactions beyond October 15. This decision was welcomed by market associations in New Delhi. Traders had voiced concerns that imposing MDR during the festive season could increase the cost of doing business.
From prokerala.com
Why it matters
The extension provides relief to merchants ahead of the festive season, a time when digital transactions are expected to surge. Traders had previously objected to the proposal, arguing that the levy would negatively impact commerce.
From prokerala.com
Who's involved
- Government of IndiaThe legislative and executive authority that extended the MDR deadline
- Rajiv AgarwalTreasurer of the Chandni Chowk Traders Council, who welcomed the deferment
- Paramjeet SinghPresident of the Pamma Sadar Bazaar Bari Market Traders Association, who welcomed the decision
Keep exploring
The entities involved
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New Delhi
capital city of India
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Narendra Modi
Prime Minister of India since 2014
Related events
- Sumit Agarwal participated in trade discussions held in Delhi, a major trading center in India.
- Karol Bagh and Chandni Chowk are wholesale/retail markets in New Delhi, where Rahul Gandhi is a Lok Sabha leader.
- PM Modi and CM Sarma participate in various high-level events in Assam and New Delhi, including a cabinet meeting and award presentation.