Why your Diwali shopping is more important than implementing MDR on UPI
Around mid-September, shops in parts of Ghaziabad started putting up signs: carry cash, because UPI wouldn’t be accepted. They were protesting a new 0.4% merchant fee on UPI payments above 2,000 rupees, which was due to start on October 15. Two days before that, NPCI, the body that runs UPI, put it on hold until after…
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