UPI MDR: Cash Grab or Smart Move? The Debate Rages On!

The UPI world is in a tizzy! Starting October 15, a new Merchant Discount Rate (MDR) of 0.4% for UPI transactions over ₹2,000 is here. While some cheer for UPI's future, others, like Ashneer Grover, call it a sneaky cash grab. Merchants are not thrilled either—only 17% are ready to embrace this charge. Can UPI handle this wild ride?