Only 14pc UPI users willing to bear MDR on payments above Rs 2,000: Survey

New Delhi, Oct. 4 -- Only 14 per cent of UPI users surveyed are likely to continue using UPI for payments above Rs 2,000 if merchants pass on the 0.4 per cent Merchant Discount Rate (MDR) to customers, while a majority would shift to cash, cards or bank transfers, a LocalCircles survey has found.

The nationwide survey received more than 67,000 responses from UPI users across 291 districts of India, ahead of the October 15 rollout of MDR on person-to-merchant UPI payments above Rs 2,000.

According to the survey, 27 per cent of respondents said they would pay in cash if a merchant charged an additional fee for a UPI payment above Rs 2,000, while 26 per cent would switch to a credit card and 14 per cent to a debit card.

Another four per cen...