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Business
Madhya Pradesh Traders Observe 'No UPI Day' to Protest MDR Charges
✍️ The Economic Times
🗓 24 Sep 2026, 02:32 AM
👁 11
Traders in Madhya Pradesh have declared a 'No UPI Day' to protest the Merchant Discount Rate charged on UPI transactions. They are urging customers to make payments in cash instead.
Traders across Madhya Pradesh have announced a day without using UPI payments as a form of protest against the Merchant Discount Rate (MDR) imposed on digital transactions.
The MDR, a fee paid by merchants for each UPI transaction, has been a point of contention for small businesses who say it cuts into their thin profit margins.
In response, the trader bodies are asking shoppers to pay with cash on the designated day, hoping to highlight the financial burden of digital payment charges.
The move reflects growing unease among retailers nationwide over the costs associated with electronic payment systems.
The MDR, a fee paid by merchants for each UPI transaction, has been a point of contention for small businesses who say it cuts into their thin profit margins.
In response, the trader bodies are asking shoppers to pay with cash on the designated day, hoping to highlight the financial burden of digital payment charges.
The move reflects growing unease among retailers nationwide over the costs associated with electronic payment systems.