Ghaziabad traders refuse UPI payments over new 0.4% MDR from October 15
- Traders in Ghaziabad put up notices refusing UPI payments in protest against the new 0.4% MDR from 15 October.
- They fear the charge on transactions above Rs 2,000 could eventually be passed on to customers despite rules.
- The government said merchants must absorb the fee, with UPI payments below Rs 2,000 remaining free.
- Officials estimate only about 4% of UPI transaction volume will be affected, as most payments are under Rs 500.
Source: ndtv.com
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