Tag Archives: CAIT on UPI MDR

Delhi residents will hesitate before taking out their smartphones; will UPI payments be banned from October 15?

There is panic in the markets of Delhi, will ‘cash on hand’ return again? There’s widespread concern among Delhi’s major trade associations and shopkeepers about the potential UPI MDR (Merchant Discount Rate) fee, which will come into effect on October 15th. Traders in Chandni Chowk, Connaught Place, Karol Bagh, and …

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