MDR on UPI: Keralam hotels association says will stop accepting UPI payments above ₹2,000 from October 15
Announcement following introduction of 0.4% UPI merchant discount rate, which the association says will impose additional financial burden on small establishments
The Kerala Hotel and Restaurant Association has announced it will stop accepting UPI payments above ₹2,000 from October 15, due to the implementation of a 0.4% merchant discount rate on UPI transactions. KHRA president G. Jayapal stated that the additional financial burden this will impose on small establishments is unjustified, as the hotel and restaurant industry was already struggling with rising costs of raw materials.
Mr. Jayapal expressed frustration at being encouraged to transition to digital payments, only to face extra charges for using them. The KHRA, led by Mr. Jayapal and general secretary N. Abdul Razak, urged either the removal of the extra charges or an increase in the UPI payment limit to ₹10,000 from the current ₹2,000 threshold.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
