BusinessAI imageGovernment May Withdraw BHIM-UPI Incentives for Low-Value Transactions
The government is considering withdrawing the BHIM-UPI incentive scheme for low-value transactions due to concerns raised by traders about merchant discount rates (MDR). Traders in Ghaziabad and Kerala have protested, with some threatening to boycott UPI transactions and ask customers to pay in cash, citing dwindling profit margins. The issue has sparked widespread debate among shopkeepers and trade forums.
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