ISB study says proposed UPI MDR may push vendors to cash
In short
An ISB study found that 67% of surveyed street vendors accepted UPI payments, but only 52% had heard about the proposed MDR rule. The study warns the new fee idea could push some small vendors back to cash.
This matters because many vendors now use UPI to take payments. The reporting does not say how many vendors were surveyed or what the final rule will be.
What the reporting says
An ISB study found that 67% of surveyed street vendors accepted UPI payments, while only 52% had heard about the proposed MDR framework. The publisher summary says the study warns the proposed UPI merchant discount rate could drive small vendors back to cash, but it does not state the sample size or the policy details behind the proposal. The immediate issue is possible confusion among vendors about the change.
Why it matters
An ISB study said 67% of surveyed street vendors accepted UPI payments, while only 52% had heard about the proposed MDR framework. The summary warns that a merchant discount rate on UPI could push some small vendors back to cash. The reporting does not state the survey size, the exact fee proposal, or whether the policy will be adopted in its current form.