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Indore Traders Plan No UPI Day Over Proposed Charges
Many shopkeepers in Indore are planning a ‘No UPI Day’ on September 23.
They are upset about proposed fees on some large UPI payments.
UPI is a digital way to pay using a phone.
The shopkeepers say these fees could raise their business costs.
They are especially worried because many retailers already earn small profits.
On the protest day, they plan not to accept UPI payments.
They will also cover their QR payment scanners with black cloth.
The organisers say they are protesting the proposed charges, not UPI itself.
More than 100 trader organisations in Indore will observe ‘No UPI Day’ on September 23.
The traders plan to stop accepting UPI payments and cover their QR scanners with black cloth.
The protest targets proposed Merchant Discount Rate charges on UPI merchant transactions above certain limits.
Ahilya Chamber of Commerce, representing more than 125 trader organisations, called for the protest.
The Indore Retail Garments Association is promoting the campaign through posters, call centres and social media.
- Who
- More than 100 trader organisations in Indore, supported by the Ahilya Chamber of Commerce and the Indore Retail Garments Association.
- What
- The organisations will observe ‘No UPI Day’ by refusing UPI payments and covering their QR scanners.
- Where
- Indore, Madhya Pradesh.
- When
- September 23, described in the article as Wednesday.
- Why
- To protest proposed Merchant Discount Rate charges on large-value UPI merchant transactions and the possible effect on traders’ operating costs.
Key facts
- Protest name
- ‘No UPI Day’
- Date
- September 23
- Location
- Indore, Madhya Pradesh
- Participating organisations
- More than 100 trader organisations
- Representative body
- Ahilya Chamber of Commerce, representing more than 125 trader organisations
- Proposed charge
- Merchant Discount Rate on UPI merchant transactions above certain limits
- Campaign reach target
- One million people
Sources
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