New UPI Charges Stir Concern Among Kashmir Traders

New UPI charges stir concern among Kashmir traders

Srinagar, Sep 17: The proposed Merchant Discount Rate (MDR) on certain UPI payments above Rs 2,000 has triggered concern among traders in Kashmir, who fear that the move could add to the cost of running small businesses at a time when margins are already under pressure. Under the revised framework, a 0.4 per cent MDR is set to apply from October 15 to specified person-to-merchant UPI transactions above Rs 2,000. The charge will be borne by the m…

Here comes an app to split UPI payments into ₹1,999 instalments: Social media reacts, ‘Can be easily flagged for fraud’

Effective October 15, 2026, merchant payments over ₹2,000 will incur a 0.4% charge. The app apparently tries to solve that ‘problem’.

Odisha Traders Push Back Against New UPI Fee on High-Value Business Payments - Business News Week

Bhubaneswar, Sept. 18 (UDN): A proposed fee on high-value commercial UPI transactions has triggered widespread concern among traders in Odisha, with business groups urging the Centre to withdraw the measure over fears that it could increase operating costs and eventually affect consumers.  Representational Image  The Union Finance Ministry has clarified that from October 15, a […] The post Odisha Traders Push Back Against New UPI Fee on High-Val…

Odisha Traders Push Back Against New UPI Fee on High-Value Business Payments

Bhubaneswar, Sept. 18 (UDN): A proposed fee on high-value commercial UPI transactions has triggered widespread concern among traders in Odisha, with business groups urging the Centre to withdraw the measure over fears that it could [...]