📷 Image: Wikimedia Commons / McKay Savage from London, UK
Business
Indore Traders Stage ‘No UPI Day’ to Protest New MDR Charges
✍️ ANI News
🗓 23 Sep 2026, 09:37 PM
👁 72
Shopkeepers in Indore collectively refused UPI payments for a day, protesting recently announced merchant discount rate hikes.
Traders in Indore observed a self‑imposed “No UPI Day”, deliberately refraining from accepting payments through the Unified Payments Interface as a form of protest.
The boycott was launched in response to the introduction of higher merchant discount rate (MDR) charges on UPI transactions, which merchants say will erode thin profit margins.
The move highlights growing unease among small and medium‑size businesses across the state about the cost implications of newer digital payment fee structures.
The boycott was launched in response to the introduction of higher merchant discount rate (MDR) charges on UPI transactions, which merchants say will erode thin profit margins.
The move highlights growing unease among small and medium‑size businesses across the state about the cost implications of newer digital payment fee structures.