India, Oct. 1 -- The All India Mobile Retailers Association (AIMRA) and the All India Consumer Products Distributors Federation (AICPDF) have called off their "No UPI Day" protest, which was earlier scheduled for October 2.

The move came after representatives of 20 trade associations met finance minister (FM) Nirmala Sitharaman to raise concerns related to the likely impact of the UPI merchant discount rate (MDR) on small and medium businesses.

The delegation was led by Praveen Khandelwal, who is a BJP member of Parliament (MP) from Chandni Chowk and secretary general of the Confederation of All India Traders (CAIT).

"More than 20 organisations, including AIMRA and AICPDF, expressed their concerns. The finance minister assured that all...