The record
Written from the 1 report below. Nothing here is unsourced.
- Traders and retailers in Madhya Pradesh covered their QR codes and requested cash payments during a symbolic protest on September 23, 2026.
- The action comes after the National Payments Corporation of India announced a 0.4% charge on person-to-merchant UPI transactions exceeding ₹2,000.
- Participating business owners argued that the additional fees increase operational costs and contribute to inflation.
- Protesters have threatened a complete boycott of digital payments if the government does not reverse the decision before it takes effect on October 15.
What to watch next
- Potential expansion of the boycott if government does not roll back charges by October 15
- Reactions from other state trader bodies or national-level business associations
Who said what3
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Akshay Jain
president of Indore’s Retail Garment Association
2 quotes · 1 outlet
“If you impose any kind of surcharge, it will add to the cost, and when the cost increases, inflation will rise. We are in favour of ensuring that inflation does not increase”
In the article
…bodies across the State were taking part in Wednesday’s (September 23) symbolic protest. “The purpose of the protest was to draw the government’s attention to the concerns of traders and try to understand our request. If you impose any kind of surcharge, it will add to the cost, and when the cost increases, inflation will rise. We are in favour of ensuring that inflation does not increase ,” he told news agency ANI. “We supported the government and adopted digital payments in 2016. In 10 years, we have brought 85% of our business onto digital payments. After we have shifted to digital payments, the…
“In 10 years, we have brought 85% of our business onto digital payments. After we have shifted to digital payments, the government should not break the system that was created with our support.”
In the article
…to the cost, and when the cost increases, inflation will rise. We are in favour of ensuring that inflation does not increase,” he told news agency ANI. “We supported the government and adopted digital payments in 2016. In 10 years, we have brought 85% of our business onto digital payments. After we have shifted to digital payments, the government should not break the system that was created with our support. We urge the government to reconsider its decision. Steps must be taken to prevent this rise in prices,” he said, adding that if the decision is not taken back, the traders may be forced to shift to cash payments…
Abhishek Jain
president of Bhopal’s Chowk Bazar Vyapaari Sangh
1 quote · 1 outlet
“The government is applying a 0.4% + GST charge on us. This is increasing inflation. Businesspeople are already facing the heat of inflation at the moment in most sectors.”
In the article
…traders may be forced to shift to cash payments completely after October 15. Abhishek Jain, president of Bhopal’s Chowk Bazar Vyapaari Sangh, said that the move will cause an increase in the inflation in the country. “ The government is applying a 0.4% + GST charge on us. This is increasing inflation. Businesspeople are already facing the heat of inflation at the moment in most sectors. The government should think about this,” he said. Published - September 24, 2026 04:20 am IST…
Coverage1
All filed from India
Named India · Madhya Pradesh · Abhishek Jain · Ahilya Chamber of Commerce and Industry · Akshay Jain · Chowk Bazar Vyapaari Sangh · Indore Retail Garment Association · National Payments Corporation of India
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