Will UPI charges reach your pocket? Retailers consider passing MDR burden to consumers
- Retail bodies fear retailers may pass the new 0.4% UPI Merchant Discount Rate MDR cost to consumers.
- The MDR will apply to certain merchant UPI payments above ₹2,000 from October 15.
- Industry groups warn extra costs could push some businesses to prefer cash over digital payments.
- NPCI says consumers will not directly pay MDR, as the fee applies to merchants for eligible transactions.
Source: economictimes.indiatimes.com
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