The Latest Breaking News from AIMRA

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

AIMRA is organizing a 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate. The proposed charges are anticipated to burden small businesses and reduce their profit margins significantly. Retailers argue that routine digital payments should remain free for micro and small enterprises. The association demands…

The Economic Times · Sep 30

Mobile phone retailers to protest against UPI MDR charges on Oct 2

Mobile phone retailers across India will observe October 2 as 'No UPI Day' to protest UPI charges. The All India Mobile Retailers Association has expressed concerns over new charges affecting their earnings. Retailers will not accept UPI payments and will cover QR codes to symbolize their protest. The introduction of…

The Economic Times · Sep 27