Kochi: Kerala Vyapara Vyavasayi Ekopana Samithi (KVVES) Thodupuzha unit on Tuesday protested against Centre’s move to impose Merchant Discount Rate (MDR) of 0.4% on Unified Payments Interface (UPI) transactions from October 15.They took out a torch bearing rally on Tuesday night seeking the government to roll back the decision.The rally started from KVVES office and culminated at Gandhi Square. Unit president P A Saleem Kutty presided.Vice president P S Mohandas inaugurated the protest. State committee member N P Chacko, district secretary Salih S Mohammed, Merchants trust president R Jayasankar, Welfare society president K H Kani, Multipurpose cooperative Society president P Ajeev, working committee president Prasanth Kuttappas spoke.General secretary Jimmy Kurian welcomed. Thodupuzha Merchants Association Treasurer E A Abhilash delivered vote of thanks.This fee will be paid by merchants. Person-to-person UPI transactions will not attract any fee. UPI payments of less than Rs 2,000 will also not be charged for merchants. Furthermore, merchants who get less than Rs 1 lakh per month as UPI payments are exempt from any MDR.
Traders protest UPI discount
