Hyderabad, Oct. 26 -- Hyderabad's 'less-cash' economy is likely to face a dent due to the proposed Merchant Discount Rate (MDR) on Unified Payments Interface (UPI).

Although the central government has deferred the decision to impose MDR on UPI transactions for merchants, traders in the city are exploring alternatives to it.

Hyderabad roadside traders prefer cash

Speaking to Siasat.com, several roadside traders in Hyderabad said that if any charges are imposed on them for UPI payments, they will start shifting towards cash.

Raju, a roadside trader who usually sells oranges in front of the Telangana High Court, said that if MDR is imposed on transactions, he will start demanding cash from customers.

Although the government has made a p...