The record
Written from the 1 report below. Nothing here is unsourced.
- Traders in Ghaziabad have displayed notices stating they will only accept cash payments starting October 15.
- The decision stems from objections to Merchant Discount Rate (MDR) costs associated with digital payments.
- Business owners argue that absorbing these fees on transactions exceeding Rs. 2,000 impacts their thin profit margins.
What to watch next
- Potential negotiations between merchant associations and payment providers.
- Impact of the deadline on digital payment adoption in Ghaziabad.
- Regulatory response to potential UPI service limitations.
Coverage1
1 report
English national1
All filed from India
Named India · Ghaziabad Traders
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