1 day ago
Retailers Plan ‘No UPI Day’ Over Proposed Transaction Charge
Some retailers in India are worried about a proposed fee on certain UPI payments.
The fee would be 0.4% for transactions above ₹2,000.
Retailers and distributors say this could make running their businesses more expensive.
Mobile retailers have announced a nationwide protest called ‘No UPI Day.’
On that day, they plan to oppose or avoid UPI payments.
They want attention focused on the possible cost of the new fee.
The proposal has created concern about how businesses and customers might use digital payments.
The article does not say whether the fee will ultimately be introduced.
A proposed 0.4% Merchant Discount Rate would apply to UPI transactions above ₹2,000.
Retailers and distributors across India have opposed the proposed charge.
Mobile retailers announced a nationwide ‘No UPI Day’ protest.
Retailers warn the fee could significantly increase business costs.
The protest raises questions about the proposal’s impact on India’s digital payments ecosystem.
- Who
- Retailers, distributors and mobile retailers across India.
- What
- They are opposing a proposed 0.4% Merchant Discount Rate on UPI transactions above ₹2,000 and planning a ‘No UPI Day’ protest.
- Where
- Across India.
- When
- The protest announcement was reported on September 30, 2026.
- Why
- Retailers say the proposed charge could significantly increase business costs.
Retailer concerns
Digital-payments considerations
Effect of the proposed charge
Retailer concerns
Retailers and distributors oppose the 0.4% fee, warning that it could significantly raise business costs.
Digital-payments considerations
The report raises the question of how the charge could affect India’s digital payments ecosystem but does not state a supporting position.
Key facts
- Proposed charge
- 0.4% Merchant Discount Rate
- Transaction threshold
- UPI transactions above ₹2,000
- Protesting groups
- Retailers, distributors and mobile retailers
- Protest name
- ‘No UPI Day’
- Scope
- Nationwide across India
- Reported date
- September 30, 2026
Sources
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