Traders drop October 2 'No UPI Day' protest after FM meet
In short
Traders have pulled back their planned October 2 “No UPI Day” protest after meeting Finance Minister Nirmala Sitharaman. They were upset about a 0.4% fee on merchant UPI payments above ₹2,000, which is still set to start on October 15.
This matters for merchants and UPI users because it may affect how they pay and accept payments. It is still not stated whether the fee will change.
What the reporting says
Traders withdrew their planned October 2 “No UPI Day” protest after meeting Finance Minister Nirmala Sitharaman. The reported trigger was their concern over a 0.4% fee on merchant UPI payments above ₹2,000, which is still set for October 15. The immediate consequence is that the protest call has been called off, while the policy change itself is not stated in the available reporting.
Why it matters
Traders withdrew the planned October 2 “No UPI Day” protest after meeting Finance Minister Nirmala Sitharaman. Their stated concern was the 0.4% fee on merchant UPI payments above ₹2,000, which remains scheduled for October 15 in the available reporting. The protest being called off may ease near-term pressure on merchants, but the reporting does not say whether the fee will be revised or whether any other decision was made.