Mobile phone retailers to protest against UPI MDR charges on Oct 2
Mobile phone retailers across India plan to observe October 2 as "No UPI Day" in protest against 0.4% merchant discount rate charges on UPI transactions, a senior official of industry body AIMRA said.
Via YourStory
The government has introduced a 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while exempting person-to-person transactions as well as small payments from any charges.
"The All India Mobile Retailers Association (AIMRA) has called for a 'NO UPI DAY' on October 2, 2026, to highlight the concerns of mobile retailers regarding the 0.4% Merchant Discount Rate (MDR) applicable to eligible merchant UPI transactions," AIMRA Vice President and President for Delhi NCR region, Tarvinder Singh, said…
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