Ghaziabad Merchants Unwilling to Accept UPI From Oct 15 over New 0.4% MDR Rule
5 Articles
5 Articles
UPI Fee Rules 2026: Will Customers Pay 0.4% Charge on Payments Above ₹2,000? - PUNE PULSE
The government is in discussions with payment aggregators and platforms that onboard merchants to ensure that the new Merchant Discount Rate (MDR) on select UPI transactions is not passed on to consumers. Under the new framework, a 0.4% MDR will apply to specified person-to-merchant (P2M) UPI transactions above ₹2,000 from October 15, 2026. The charge
Traders have protested the fees levied on UPI payments. Traders in Ghaziabad have begun putting up notices outside their shops stating, "UPI payments will not be accepted." They are protesting the proposed merchant discount on select UPI transactions over ₹2,000 from October 15th.
New Delhi: Traders in Ghaziabad are protesting against the decision to introduce a new merchant discount rate for certain UPI transactions above Rs 2,000 from October 15. As part of this...
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