UPI MDR is Coming: Will This Change The Way India Pays As Traders Say Prices May Rise

By Times Of India

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UPI payments may no longer be free for businesses. A 0.4% merchant discount rate, or MDR, is set to take effect from October 15 for transactions over Rs 2000. While merchants are officially expected to bear the charge, traders say the cost could eventually be passed on to customers through higher prices. For small businesses and low-margin traders, the impact could extend across the supply chain - but refusing UPI could mean losing sales. Will this change the way India pays? Times Of India (TOI) Is The Largest Selling English Daily In The World. Times Of India Videos Bring You Global News, Views And Sharp Analysis. We Track India's Global Rise, Her Increasing Engagement With The World, The Changing Geopolitical Landscape Amid Conflicts And Wars And The Emerging World Order. INTERNATIONAL NEWS | GLOBAL CONFLICTS | MIDDLE EAST WAR | CHANGING WORLD ORDER #TOILive | #TOIVideos Subscribe to the Times Of India YT channel and press the bell icon to get notified when we go live. Join

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