Retail Traders Plan โNo UPI Dayโ Protest on October 2 Over Proposed MDR
Indian mobile and FMCG retailers are preparing a nationwide protest on October 2 against the proposed return of merchant discount rates, or MDR, on UPI transactions. The campaign, framed as a โNo UPI Day,โ signals growing resistance among small traders who say even a modest charge could erode thin margins and slow digital payments adoption.
