BusinessTraders Cancel 'No UPI Day' After Meeting Finance Minister
Two major traders' bodies called off their planned 'No UPI Day' strike after meeting Finance Minister Nirmala Sitharaman. They raised concerns about the proposed UPI Merchant Discount Rate (MDR) and requested deferral due to the festive season. The traders urged increasing the MDR threshold from Rs 1 lakh to Rs 5 lakh and excluding Merchant-to-Merchant transactions from MDR. They also proposed forming a committee to review these issues.
News18 Business·3h ago


