In TrendsStock MarketGST Council Meeting LiveStocks To WatchNifty OutlookGold and Silver PricesAsian StocksUPI MDR deferral unjustified as 95% of merchant payments face no impact: Abizer DiwanjiAbizer Diwanji, Founder of NeoStrat Advisors says the UPI MDR deferral has little economic justification, with limited impact on merchants and no hit to consumers.By Prashant Nair October 8, 2026, 11:27:14 AM IST (Published)The deferral of the proposed merchant discount rate (MDR) on Unified Payments Interface (UPI) merchant transactions has little economic justification as around 95% of payments would remain unaffected, according to Abizer Diwanji, Founder of NeoStrat Advisors.Diwanji said the impact on the remaining transactions would also be limited, with the maximum charge capped at ₹300. He argued that this would not lead to significant margin pressure for merchants and should not affect festive-season demand, especially as the cost cannot be passed on to consumers.“This is simply resistance to change,” Diwanji said, arguing that the proposed system would ultimately benefit merchants by helping improve the UPI ecosystem.He also said there would be little administrative burden for merchants. According to Diwanji, UPI systems can automatically make the required deduction at the merchant level, meaning there should be no significant additional process for collections or payments.“UPI…
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