No Card or UPI Only Cash | Traders Protest Against New UPI MDR Charges

By NDTV Profit

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Traders group announce plans to halt digital transactions starting October 15 over new MDR rules. Several traders in Ghaziabad, Uttar Pradesh, have started putting up notices outside their shops stating that, "UPI payments will not be accepted due to MDR charges. We accept cash payment only." The notices are part of a protest against the new Merchant Discount Rate (MDR) framework for selected UPI merchant transactions above Rs.2,000, which is schedules to take effect from October 15. The proposed standard MDR for specified MDR for specified person-to-merchant transactions above Rs.2,000 is 0,4%. The notices were reportedly spotted in areas including Vijay Nagar, Pratap Vihar, Gaushala Fatak and Crossings Republic. #upi #upimdr #mdr #cash #news #ndtvprofit For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvp

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