Gold traders to protest on Oct 15 against MDR on UPI dealings
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Key takeaway
Gold traders in Kerala plan to protest the imposition of merchant discount rates (MDR) on UPI payments.
- Step 1 · The triggerMDR is imposed on UPI transactions, raising the cost of accepting digital payments for jewellery merchants
- Step 2 · Knock-onSmall and medium-sized jewellery businesses face higher transaction costs, reducing net margins and competitiveness
- Step 3 · Reaches youSMEs may pass on costs to customers or shift back to cash, impacting digital payment adoption and sector transparency
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: IN:The Hindu BusinessLine
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