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The Economic Times
The Economic Times

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

A proposal to defer the rollout of merchant discount rates (MDR) on Unified Payments Interface (UPI) to January 1 from October 15 is under consideration, with a decision expected in the next few days, local media reports said on Thursday, giving retailers relief at the onset of the festive season.

"The MDR is expected to take effect only after the festive season," newspaper Business Standard reported, citing sources.

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