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Tag: pushback

Tech Policy and Regulation
Azzam Bilal Chamdy

Industry Pushback and Economic Pressures Prompt Urgent Calls to Delay UPI Merchant Discount Rate Implementation to January 2027

NEW DELHI — In a high-stakes showdown that could reshape India’s digital payments landscape, a broad coalition of merchant associations, fintech heavyweights, and payment processing companies has formally urged the National Payments Corporation of India (NPCI) to defer the implementation of the long-debated Unified Payments Interface (UPI) Merchant Discount Rate (MDR) until January 2027. The […]

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