Mobile retailers across India plan ‘no UPI day’ protest on October 2 over transaction charges

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.