ISB study warns proposed UPI charges may push street vendors back to cash

Hyderabad, Nov 4 (UNI) A study by the Indian School of Business (ISB) has found that 45 to 53 per cent of surveyed street vendors across different city tiers may reduce their acceptance of Unified Payments Interface (UPI) payments if the proposed Merchant Discount Rate (MDR) charges are implemented. The study, conducted by ISB's Centre for Analytical Finance (CAF), covered 722 street vendors across 14 states and union Territories and 64 urban local bodies. It found that while 67 per cent of the vendors accepted UPI payments, only 52 per cent were aware of the proposed MDR framework. Announced in…