BusinessMobile Retailers to Protest UPI MDR Charges on October 2
Mobile phone retailers across India plan to observe October 2 as "No UPI Day" to protest the government's introduction of a 0.4% Merchant Discount Rate (MDR) on UPI transactions exceeding ₹2,000 to merchants. The fee, effective from October 15, exempts person-to-person and small payments. The protest is organized by the All India Mobile Retailers Association (AIMRA).
Hindu Business·7h ago



