Retailers Warn UPI Fee Plan Could Push Small Merchants Back to Cash

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The Retailers Association of India has raised concerns over a proposed fee structure for UPI transactions. CEO Kumar Rajagopalan warned that small merchants may reconsider accepting digital payments if charges are introduced. The association cautioned that such a move risks reversing India's progress toward a cashless economy. Small traders, who operate on thin margins, could find UPI fees financially burdensome and opt for cash instead.

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