As govt amends UPI norms, traders warn costs will pass on to customers

Traders across Noida, Ghaziabad, and Delhi oppose the new 0.4% MDR. This charge applies to specified UPI transactions exceeding two thousand rupees. Businesses fear this will squeeze margins and potentially increase prices for consumers. Many traders believe it could discourage digital payment adoption across India. The government is urged to reconsider this decision impacting small businesses.