Mobile retailers plan No UPI Day over MDR charges
In short
Mobile retailers plan to hold a “No UPI Day” on October 2. They are protesting a proposed 0.4% MDR on eligible UPI payments, and some Delhi NCR retailers plan to cover QR codes with black cloth and not accept UPI on Gandhi Jayanti.
This matters because it could affect payments at mobile shops and add pressure on the fee plan. It is not stated whether the protest will be nationwide or whether the charge will change.
What the reporting says
Mobile retailers plan to observe “No UPI Day” on October 2 against the proposed 0.4% MDR on eligible UPI transactions. The All India Mobile Retailers Association wants the zero-MDR structure to continue, and retailers in Delhi NCR reportedly plan to cover QR codes with black cloth and stop accepting UPI payments on Gandhi Jayanti. The reporting does not say whether the protest will spread beyond the region or prompt a policy change.
Why it matters
Mobile retailers plan to observe “No UPI Day” on October 2 in protest against the proposed 0.4% MDR on eligible UPI transactions. The All India Mobile Retailers Association wants the zero-MDR structure to continue, and Delhi NCR retailers are said to be preparing symbolic action by covering QR codes and refusing UPI payments on Gandhi Jayanti. The reporting does not state any response from the payment ecosystem or government.