Customers may not be able to use UPI at mobile stores on October 2; why retailers are protesting
New Delhi, Sept. 28 -- Customers shopping for mobile phones, accessories and related services at retail stores may face disruptions while making UPI payments on October 2, as mobile retailers have called for a 'No UPI Day' to protest the proposed 0.4% merchant discount rate (MDR) on UPI transactions.
The pushback comes as the government moves to change the zero-MDR framework that has applied to UPI payments for nearly six years.
Under the new framework, an extra levy will apply to transfers made to merchants worth over Rs.2,000 from October 15. However, person-to-person UPI transfers and small merchant payments will continue to remain free.
This protest has been called by the All India Mobile Retailers Association (AIMRA), which has ra...
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