Tamil Nadu: One-day UPI boycott called by traders receives mixed response

CHENNAI: The one-day boycott of UPI payments called by the Tamil Nadu Vanigar Sangangalin Peramaippu on Monday received a mixed response in Chennai, with many shops continuing to accept digital payments despite the traders’ appeal to use cash.

The traders’ body had called for the boycott on October 12 to protest against the proposed 0.4% Merchant Discount Rate on person-to-merchant UPI transactions above Rs 2,000. It argued that the charge could increase the burden on traders.