Indore, Sept. 23 -- Traders in Indore observed a symbolic 'No UPI Day' on Wednesday to protest against the proposed imposition of a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000, with several shopkeepers putting up stickers outside their establishments as part of the protest.

The traders said the proposed charges would ultimately increase the cost for consumers and contribute to inflation. They demanded that the decision be reconsidered, warning that they may return to cash transactions if the charges are implemented.

Akshay Jain, president of the Indore Retail Garment Association and joint secretary of the Ahilya Chamber of Commerce and Industry, said the protest was supported by around 125 trader organis...