Retailers are urging the government to roll back a proposed charge on Unified Payments Interface transactions. The charge, a 0.4% Merchant Discount Rate, was set to be introduced on October 15 for transactions exceeding Rs 2,000. However, reports suggest that the rollout may be deferred to January 2027. The National Payments Corporation of India is expected to make a final decision on the deferment soon.

The proposed charge has faced opposition from traders. Further details on the discussions and potential decision are available.

No official statement has been issued by the National Payments Corporation of India on the reports of a possible deferment.