Is October 2 'No UPI Day'? What you need to know as trade bodies, mobile retailers call off MDR protest
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The All India Mobile Retailers Association and the All India Consumer Products Distributors Federation called off the October 2 'No UPI Day' protest.
- ✓The groups withdrew the plan after meeting Union Finance Minister Nirmala Sitharaman.
- ✓They sought changes to the 0.4% UPI MDR charge set to start on 15 October 2026.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The proposed 'No UPI Day' protest on October 2, Gandhi Jayanti, has been called off by AIMRA and AICPDF after their meeting with FM Nirmala Sitharaman. Here's what the proposed 0.4% UPI MDR means, what retailers have sought and what customers should know.
The UPI Merchant Discount Rate (MDR) of 0.4% is set to apply from 15 October 2026 on specified merchant transactions above ₹2,000. The charge will be levied on the merchant and not directly on the customer making the UPI payment.
According to a PTI report, the All India Mobile Retailers Association (AIMRA) and the All India Consumer Products Distributors Federation (AICPDF) on Wednesday withdrew their proposed 'No UPI Day' protest planned for October 2, after a trade delegation met Union Finance Minister Nirmala Sitharaman.
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