‘UPI must remain zero MDR’: Mobile retailers announce October 2 protest
Mobile phone retailers across India are set to observe a 'No UPI Day' on October 2. This protest arises against the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000. The All India Mobile Retailers Association highlights additional costs that may impact small retailers significantly. The government insists consumers will not bear the...
Key Takeaways
- Mobile phone retailers across India are set to observe a 'No UPI Day' on October 2.
- This protest arises against the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000.
- The All India Mobile Retailers Association highlights additional costs that may impact small retailers significantly.
Mobile phone retailers across India are set to observe a 'No UPI Day' on October 2. This protest arises against the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions over Rs 2,000. The All India Mobile Retailers Association highlights additional costs that may impact small retailers significantly. The government insists consumers will not bear the MDR, which will apply starting October 15.
Original Publisher Attribution
This summary was curated from Times of India.