76% Users May Shift to Cash or Cards if UPI MDR Applies
A survey indicates that 76% of users might switch from UPI payments to cash or cards if the Merchant Discount Rate (MDR) is charged on UPI transactions above Rs 2,000. Various trade bodies, including the Dharwad Chamber of Commerce, have demanded the withdrawal of MDR on UPI. Traders in Nashik even observed a 'No UPI Day' to protest the fee imposition.
India Today·



