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The Economic Times
The Economic Times

AIMRA announces nationwide 'No UPI Day' on October 2 to protest against proposed MDR for UPI transactions

The All India Mobile Retailers Association (AIMRA) has called for a nationwide 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate (MDR) for UPI transactions above Rs 2,000. The retailers’ body said that the proposed charge may increase the cost burden on small businesses and impact their profit margins.

To mark the protest, retailers nationwide will have UPI QR codes hidden under black cloth, AIMRA added in a statement.

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