The record
Written from the 1 report below. Nothing here is unsourced.
- The government is set to impose a 0.4 percent fee on UPI transactions above 2,000 rupees starting October 15, and has said it will not withdraw the decision.
- Reports also indicate an 18 percent GST will apply on the 0.4 percent MDR fee.
- Delhi traders are protesting, with some shopkeepers in areas like Shahdara, Laxmi Nagar and Krishna Nagar refusing UPI payments and displaying 'cash only' posters.
- Traders say the added cost will burden small businesses that already operate on thin profit margins.
What to watch next
- Whether merchant protests spread to other cities or trade bodies take formal action
- Any revision or rollback of the October 15 implementation date
- How GST on the MDR affects the final cost to merchants
Related reporting
Grouped by subject or cast while the story boundary is under human review. No chronology is implied.
Loading the story…
Coverage1
1 report
Indian-language1
All filed from India
Named India · Delhi · Government of India · National Payments Corporation of India
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.