Ghazaiabad, Sept. 19 -- Days after the guidelines related to the 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) payments above Rs.2,000 were issued, the traders and associations in Ghaziabad are concerned lot and contemplating action starting October 15.

Sanjay Bindal, a grocery shop owner in Vijay Nagar's sector-9, has put up a poster at his shop that said that he will not accept UPI payments from customers starting October 15.

"I have put up a poster stating that I will not take payment from my customers through UPI from October 15. In such a case, paying cash will be the only option. Since we cannot charge the MDR amount from the customer, we will have to bear the cost. I am also a part of a traders' associatio...