Merchants will not take money from UPI across the country on October 2: Will cover the QR code with black cloth; Opposition to 0.4% charge on transactions larger than ₹2000

Merchants will not take money from UPI across the country on October 2: Will cover the QR code with black cloth; Opposition to 0.4% charge on transactions larger than ₹2000

Merchants across the country will not take money from UPI on October 2. The reason for this is that merchant organizations across the country have opened a front against the new merchant discount rate or MDR rules of UPI which will be implemented from October 15. Major trade associations of the country have announced to…

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