Mobile phone retailers to protest against UPI MDR charges on October 2
Mobile phone retailers across India plan to observe October 2 as “No UPI Day” in protest against 0.4 per cent merchant discount rate charges on UPI transactions, a senior official of industry body AIMRA said.
The Government has introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while exempting person-to-person transactions as well as small payments from any charges.
