As govt amends UPI norms, traders warn costs will pass on to customers | Noida News

Under the revised framework, effective Oct 15, MDR will apply to specified person-to-merchant (P2M) UPI transactions above Rs 2,000. Noida/Ghaziabad: Traders across Noida, Ghaziabad and Delhi have opposed Centre’s newly introduced 0.4% merchant discount rate (MDR) on specified UPI transactions above Rs 2,000, saying the charge will squeeze already-thin margins and could ultimately push businesses…

Read More