Mobile Retailers Plan 'No UPI Day' on Oct 2 to Oppose Proposed MDR Charges
Mobile phone retailers across India will observe a 'No UPI Day' on October 2 in protest against a proposed Merchant Discount Rate (MDR) on UPI transactions. The proposed charge of 0.4% would apply to UPI payments exceeding Rs 2,000, with implementation slated for October 15. The All India Mobile Retailers Association has raised concerns that the additional cost would disproportionately burden small retailers. The government has clarified that the MDR will not be passed on to consumers, though merchants remain unconvinced. Retailers are calling for UPI to retain its zero-MDR status to protect small businesses.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)
Log in to join the discussion and vote.
Log in