Wire · operational-macro
Textile Traders Remove QR Codes
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Fusion42 · 19 September 2026 · Fusion42 review
The Indian government will implement a 0.4% merchant discount rate on UPI transactions above ₹2,000 starting 15 October, causing textile traders and other merchants in Gujarat to remove UPI QR codes and demand cash or cheque payments to avoid the charges.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a sudden cost increase on UPI payments above ₹2,000 that risks pushing your customers back to cash or cheques. Act now to renegotiate payment terms or explore alternative digital payment models to protect margins and maintain transaction speed.
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1 source · 19 Sep 2026
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