The Confederation of All India Traders (CAIT) has rejected media and social media claims that it has backed a nationwide “No UPI Day” on October 2. The clarification comes amid heightened debate over a proposed merchant discount rate (MDR) levy on certain UPI transactions above Rs 2,000 from October 15, a move that has stirred concern across India’s digital payments ecosystem.
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"CAIT Denies ‘No UPI Day’ Call, Says Reports on October 2 Boycott Are Misleading"
The Confederation of All India Traders (CAIT) has rejected media and social media claims that it has backed a nationwide “No UPI Day” on October 2. The clarification comes amid heightened debate over a proposed merchant discount rate (MDR) levy on certain UPI transactions above Rs 2,000 from October 15, a move that has stirred concern across India’s digital payments ecosystem.
CAIT Denies ‘No UPI Day’ Call, Says Reports on October 2 Boycott Are Misleading
R
RDU Global Wire
Banking, Fintech & Insurance Desk
New Delhi, India Just now (02:51 AM IST)•5 min read
The Confederation of All India Traders (CAIT) has rejected media and social media claims that it has backed a nationwide “No UPI Day” on October 2. The clarification comes amid heightened debate over a proposed merchant discount rate (MDR) levy on certain UPI transactions above Rs 2,000 from October 15, a move that has stirred concern across India’s digital payments ecosystem.
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