TechInc42about 2 hours ago
Traders Call Off 'No UPI Day' Protest
5 min read
Two Indian trade bodies called off a nationwide 'No UPI Day' protest planned for October 2 after 20 associations met Finance Minister Nirmala Sitharaman. They oppose a 0.4% merchant discount rate on UPI person-to-merchant transactions above ₹2,000, effective October 15, which ends a seven-year zero-MDR regime and could raise costs for small merchants.
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