New Delhi, Sep 16 (UNI) Only 17 per cent of merchants and businesses surveyed are willing to absorb

New Delhi, Sep 16 (UNI) Only 17 per cent of merchants and businesses surveyed are willing to absorb a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, indicating limited acceptance of the proposed charge among businesses, according to a LocalCircles survey. The survey comes after the government announced that a 0.4 pc MDR would apply to certain UPI merchant transactions above Rs 2,000 from October 15, 2026. While the charge is levied within the merchant-payment ecosystem and not directly on consumers, the findings highlight concerns among businesses over the potential impact of the new cost.…