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UPI’s ₹500-Crore Cost Sparks Retail Revolt, Mobile Sellers Plan ‘No UPI Day’

UPI’s ₹500-Crore Cost Sparks Retail Revolt, Mobile Sellers Plan ‘No UPI Day’
Photo: Free Press Journal · view original

New Delhi: Mobile phone retailers across India will observe October 2 as ‘No UPI Day’, protesting the introduction of a 0.4 percent Merchant Discount Rate (MDR) on eligible UPI transactions and warning that the levy could significantly squeeze margins of small retailers. The All India Mobile Reta...

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