Indian mobile and FMCG retailers are preparing a nationwide protest on October 2 against the proposed return of merchant discount rates, or MDR, on UPI transactions. The campaign, framed as a ‘No UPI Day,’ signals growing resistance among small traders who say even a modest charge could erode thin margins and slow digital payments adoption.
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"Retail Traders Plan ‘No UPI Day’ Protest on October 2 Over Proposed MDR"
Indian mobile and FMCG retailers are preparing a nationwide protest on October 2 against the proposed return of merchant discount rates, or MDR, on UPI transactions. The campaign, framed as a ‘No UPI Day,’ signals growing resistance among small traders who say even a modest charge could erode thin margins and slow digital payments adoption.
Retail Traders Plan ‘No UPI Day’ Protest on October 2 Over Proposed MDR
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (05:45 AM IST)•5 min read
Indian mobile and FMCG retailers are preparing a nationwide protest on October 2 against the proposed return of merchant discount rates, or MDR, on UPI transactions. The campaign, framed as a ‘No UPI Day,’ signals growing resistance among small traders who say even a modest charge could erode thin margins and slow digital payments adoption.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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