UPI merchant fee over Rs 2000 deferred until after Diwali

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The Indian government has postponed the implementation of a Merchant Discount Rate on UPI transactions exceeding Rs 2,000. The fee was originally scheduled to take effect on October 15 but has now been delayed until after the Diwali festival. Officials stated the deferral aims to prevent payment disruptions during the peak festive shopping season. It also provides payments companies more time to prepare their systems for the change, which is intended to create new revenue streams for them.

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