MDR on UPI: Keralam hotels association says will stop accepting UPI payments above ₹2,000 from October 15
The Kerala Hotel and Restaurant Association announced it will stop accepting UPI payments above ₹2,000 starting October 15. This decision follows the introduction of a 0.4% merchant discount rate (MDR) on UPI transactions, which the association claims will financially burden small establishments. Customers will need to use cash for larger transactions from that date.