Mobile Retailers to Observe No UPI Day on October 2 over 0.4% Transaction Fee

Mobile retailers to observe No UPI Day on October 2 over 0.4% transaction fee

Mobile phone retailers across India will observe October 2 as No UPI Day to protest the proposed 0.4 per cent MDR on eligible UPI merchant transactions. AIMRA says the charge will hurt small retailers and wants merchant UPI payments to remain under a zero-MDR structure.

‘No UPI Day’ on October 2? Mobile retailers protest proposed 0.4% MDR on payments

AIMRA has called for merchant UPI payments to continue under the existing zero-MDR structure. AIMRA Vice President and Delhi-NCR President Tarvinder Singh said the association had chosen October 2 for the protest to draw attention to the concerns of mobile retailers.

‘UPI must remain zero MDR’: Mobile retailers announce October 2 protest

Mobile phone retailers across India plan to observe October 2 as a “No UPI Day”, protesting the proposed 0.4% Merchant Discount Rate (MDR) on specified

No UPI Day October 2: Will UPI Stop Working Across India? Why Are Mobile Retailers Covering QR Codes And Opposing 0.4% MDR Charges? Check What Customers Need To Know

Mobile retailers across India are set to observe ‘No UPI Day’ on October 2 to protest the proposed 0.4% MDR on UPI transactions above Rs 2,000. The protest will be limited to participating mobile shops, while UPI services in other sectors are expected to continue normally.

No UPI day on October 2? Mobile phone retail outlets preparing to protest against MDR

With MDR or Merchant discount Rate kicking in from October 15, mobile phone retailer have planned to protest against the move of the government. Mobile phone outlets could decide not to accept UPI payments on October 2.

Mobile retailers to observe 'No UPI Day' on Oct 2 over MDR charges

Mobile phone retailers across India plan to observe October 2 as “No UPI Day” in protest against 0.4 per cent merchant discount rate charges on UPI transactions, a senior official of industry body AIMRA said. The government has introduced a 0.4 per cent fee on UPI transfers exceeding ₹2,000 to merchants from October 15, while […]