Traders plan protest against new UPI transaction charges on October 2
Headline by Prism · from 1 report
Traders across India plan to observe a No UPI Day on October 2 in protest against the introduction of a 0.4 percent Merchant Discount Rate on transactions exceeding 2,000 rupees.
Asomiya PratidinThe brief
Written by software from the 1 report below.
- Traders are protesting a government decision to impose a 0.4 percent fee on Unified Payments Interface transactions over 2,000 rupees starting October 15, 2026.
- Business organizations like the Chamber of Trade and Industry are leading the call to boycott UPI payments on October 2 by covering QR codes and sound boxes with black cloth.
- Shopkeepers will accept only cash transactions on that day to signal their opposition to the increased costs.
- Business groups argue that the new charges will significantly reduce their already thin profit margins.
What to watch next
- Impact of the protest on nationwide UPI payment volumes on October 2.
- Government response to the demand from business organizations to withdraw the new Merchant Discount Rate policy.
The points restate the reports; where one says why it matters, that is Prism's reading, not a reported fact.
Coverage
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All filed from India
NamedIndia · Chamber of Trade and Industry · Government of India · Maharashtra Chamber of Commerce · National Payments Corporation of India · Nirmala Sitharaman
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