Uttarakhand Traders Divided Over New UPI Merchant Discount Rate
Traders across Uttarakhand have expressed mixed reactions to a merchant discount rate now being applied to UPI payments, according to a September 17 Times of India report.
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Current Summary
Traders in Uttarakhand have mixed reactions to a Merchant Discount Rate (MDR) now being applied to UPI transactions, according to a September 17 Times of India report. Some traders report smoother payments while others have raised concerns. The report does not disclose the exact MDR percentage, which transactions or merchant categories are affected, when it took effect, or whether the state government or RBI has issued clarification.
What We Know
- Uttarakhand traders have mixed reactions to a new Merchant Discount Rate applied to UPI transactions.
- Some traders reported smoother payments while others voiced concerns, according to the report.
What Is Still Unclear
- The exact MDR percentage or transaction threshold being applied.
- Which UPI transactions or merchant categories are affected.
- When the new MDR took effect.
- Whether the state government or RBI has issued an official clarification.
What Changed
- 17 Sept, 05:01 pmSignal detected: Uttarakhand Traders Divided Over New UPI Merchant Discount Rate