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Updated 3h agoBusiness & Markets

Traders Display Notices Refusing UPI Payments Over Proposed MDR

Headline by Prism · from 1 report

Traders in Ghaziabad are displaying signs refusing UPI payments to protest proposed Merchant Discount Rate (MDR) charges on transactions exceeding Rs 2,000.

1 outlet · 1 report · EnglishOne source so far

The record

Written from the 1 report below. Nothing here is unsourced.

  • Traders in Ghaziabad have started refusing UPI payments in response to a proposed Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000.
  • The change is scheduled to take effect on October 15.
  • The protest highlights ongoing merchant dissatisfaction regarding potential costs associated with processing digital payments.

What to watch next

  • Any government response regarding the proposed MDR.
  • The start date of the proposed MDR on October 15.
  • Potential spread of this protest to other regions.

Coverage1

1 report
English national1

All filed from India

Named India · Ghaziabad

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Traders Display Notices Refusing UPI Payments Over Proposed MDR | Prism