Kerala Textile & Garments Association warns UPI charges could fuel inflation, drive merchants back to cash

KTGA State president Pattabhiraman T.S. said UPI had evolved into essential public digital infrastructure and had generated significant benefits for governments, banks, payment platforms and the wider economyThe Kerala Textile & Garments Association (KTGA) has opposed the proposed imposition of Merchant Discount Rate (MDR) charges on Unified Payments Interface (UPI) transactions, warning that the move would increase costs for businesses and eventually burden consumers.