“Cash Only From October 15”: Ghaziabad Traders Put Up Notices Over UPI MDR
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…