MDR on UPI: Keralam hotels association says will stop accepting UPI payments above ₹2,000 from October 15
India’s Keralam Hotels Association announced it will no longer accept UPI transactions exceeding ₹2,000 starting October 15. The decision follows the rollout of a 0.4% merchant discount rate on UPI payments, which the group says increases costs for small hotels and could strain their finances. The move aims to mitigate the added expense overall operations.