Wire · operational-macro
Ghaziabad Traders Oppose MDR on UPI Payments Over ₹2000, Refusing to Accept ...
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Fusion42 · 19 September 2026 · Fusion42 review
Traders in Ghaziabad are protesting a proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above ₹2,000 starting October 15, warning customers that such payments may not be accepted. The government states the MDR applies to merchants, not customers, but traders fear absorbing the cost and may refuse UPI for higher-value transactions, risking a shift back to cash payments.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
You have a new cost to factor for digital payments above ₹2,000 in India, as traders push back on absorbing UPI fees. This could reopen customer preferences for cash, so reassess your payment strategy and customer impact immediately.
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27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
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