πŸ’³ Only 17% Merchants Ready to Absorb UPI MDR A LocalCircles survey covering over 32,000 merchants ac

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πŸ’³ Only 17% Merchants Ready to Absorb UPI MDR

A LocalCircles survey covering over 32,000 merchants across 242 Indian districts found that only 17% are willing to absorb a 0.4% MDR on UPI payments above β‚Ή2,000.

While 41% oppose any MDR, another 9% do not accept UPI. The new charges are scheduled from October 15, with small merchants and low-value payments exempt.
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