Mobile phone retailers across India plan to observe October 2 as "No UPI Day" to protest the 0.4 per cent merchant discount rate on eligible UPI transactions. AIMRA said the charge could significantly increase costs for small retailers nationwide
Traders across Madhya Pradesh observed a ‘No UPI Day’ on Wednesday by covering shop QR codes with black cloth and urging customers to pay in cash. They are protesting a proposed 0.4 per cent merchant discount rate on UPI transactions above Rs 2,000
