Traders in Ghaziabad put up notices outside shops stating that UPI payments will not be accepted for selected transactions above Rs 2,000 from October 15. The notices are linked to a proposed MDR (merchant discount rate) for certain UPI transactions.
Traders say the move is intended to reflect the extra cost they believe will be imposed under the MDR framework. They express concern that many of their routine transactions already exceed Rs 2,000, meaning they may have to bear additional payment charges or pass them on to customers.
The reports describe the notices as a form of protest against the MDR proposal and focus mainly on the potential impact on retail operating margins. The outlets do not provide details on any official response, timelines beyond October 15, or whether the MDR will ultimately be implemented in the described form.
