Mobile Retailers to Protest UPI MDR on October 2
Mobile phone retailers across India will observe a 'No UPI Day' on October 2 to protest the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000. The All India Mobile Retailers Association warns this additional cost could heavily impact small retailers. The government states consumers will not bear the MDR, which takes effect from October 15.
TOI Business·3h ago


