📉 UPI Transaction Value May Fall 10% After October 15 MDR Rollout UPI transaction value could declin

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📉 UPI Transaction Value May Fall 10% After October 15 MDR Rollout

UPI transaction value could decline 10% and transaction volume 4% after the new MDR takes effect on October 15, a LocalCircles survey estimates.

The 0.4% fee will apply to certain merchant payments above ₹2,000. The survey found many users may shift larger payments to cards, cash or bank transfers.
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