Tag Archives: Merchant Discount Rate

Just 1 in 4 Hyderabadis willing to pay via UPI — MDR fee may pinch: The wider industry impact

For nearly seven in 10 Hyderabad consumers, the answer is simple: switch to another mode [...]

Nagpur: The ‘No UPI Day’ protest in the city received a mixed response, with several traders

Nagpur: The ‘No UPI Day’ protest in the city received a mixed response, with several [...]

They also distributed stickers bearing the slogan ‘No UPI, Only Cash’

Traders during their protest march in Kolhapur city on Friday

Congress demands roll back of MDR on UPI payments

Hyderabad: TPCC spokesperson Syed Nizamuddin and Hyderabad district Congress committee president Syed Khalid Saifullah on [...]

Why it matters: ‘Change’ will be scarce, change will be king, say: The wider industry impact

Traders’ association says MDR won’t change consumer behaviour, UPI will continue to rule

“The merchant would not be able to accept large payments in cash: The wider industry impact

Some owners fear this may lead to increased cash transactions and reduced UPI usage.

Gujarat petrol dealers seek exemption — 0.4% UPI MDR

Ahmedabad: The Federation of Gujarat Petroleum Dealers Associations has urged National Payments Corporation of India [...]

Why it matters: Merchants wary of margin squeeze as Centre announces: The wider industry impact

Hyderabad: The Centre is sticking to its decision to introduce a 0.4% Merchant Discount Rate [...]