The record
Written from the 1 report below. Nothing here is unsourced.
- Traders and fuel station operators in Ghaziabad are protesting a newly announced 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding ₹2,000.
- Shop owners argue that they must absorb these fees, which could force them to raise prices or lower discounts.
- Consequently, many merchants have signaled their intent to refuse UPI payments above the threshold or require cash payments to avoid the added business cost.
What to watch next
- Potential state-wide protests by merchant associations
- Government response to the pressure from local traders
- Impact on digital payment adoption rates in the region
Who said what3
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Sanjay Bindal
state president of Rashtriya Vyapari Kalyan Sangh
1 quote · 1 outlet
“I have put up a poster stating that I will not take payment from my customers through UPI from October 15. In such a case, paying cash will be the only option. Since we cannot charge the MDR amount from the customer, we will have to bear the cost.”
In the article
…action starting October 15. Sanjay Bindal, a grocery shop owner in Vijay Nagar’s sector-9, has put up a poster at his shop that said that he will not accept UPI payments from customers starting October 15. “ I have put up a poster stating that I will not take payment from my customers through UPI from October 15. In such a case, paying cash will be the only option. Since we cannot charge the MDR amount from the customer, we will have to bear the cost. I am also a part of a traders’ association, and our Noida unit has sent a communication to the Union finance minister through the local administration,” Bindal, who is also state president of Rashtriya Vyapari Kalyan…
Vipin Sharma
president of the Ghaziabad diesel-petrol dealer association
1 quote · 1 outlet
“As of now, we have decided that we will not accept payment of over ₹2000 through UPI from October 15”
In the article
…Discount Rate and how MDR will be calculated after revised UPI charges The members of the fuel pump association also raised concerned. “The issue has been raised across the state, and MDR will affect the fuel stations. As of now, we have decided that we will not accept payment of over ₹2000 through UPI from October 15 ,” said Vipin Sharma, president of the Ghaziabad diesel-petrol dealer association. Also Read:Fuel pump transactions, bill and insurance payments, and more: UPI FAQs as MDR kicks in Rajnish Bansal, a trader from the…
Rajnish Bansal
1 quote · 1 outlet
“The MDR will become a cost for us. To compensate for this, we will have to lower our discount or increase the cost.”
In the article
…pump transactions, bill and insurance payments, and more: UPI FAQs as MDR kicks in Rajnish Bansal, a trader from the city’s prominent Turab Nagar Market, said that the cost of MDR will be borne by the shop owner. “ The MDR will become a cost for us. To compensate for this, we will have to lower our discount or increase the cost. As a result of this, the traders are a worried lot, and many have put up posters that they will not accept UPI payments. We also want more cash flow in the market since we face competition from online trade. But this…
Coverage1
All filed from India
Named India · Ghaziabad · Ghaziabad diesel-petrol dealer association · National Payments Corporation of India · Rajnish Bansal · Rashtriya Vyapari Kalyan Sangh · Sanjay Bindal · Vipin Sharma
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.