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BT Big Story: The price tag of UPI: Will small shops go back to cash?

Source: Business Today

A Merchant Discount Rate of 0.4% will be charged on UPI transactions above Rs 2,000 with merchants. While MDR backers stress that this will help UPI become sustainable, there are concerns that merchants, especially the smaller ones, may revert to cash payments.

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This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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