No UPI Day In Indore As Traders Protest Proposed Merchant Charges
Indore (Madhya Pradesh): Protesting the move to impose Merchant Discount Rate (MDR) on accepting payments made using UPI over certain limits, over 100 different traders' organisations of the city will observe ‘No UPI Day’ on Wednesday. As per the call, they will not accept any payment via UPI and will cover their QC scanner with a black cloth. The call for ‘No UPI Day’ on September 23 is given by…
Indore traders are rallying against a proposed Merchant Discount Rate (MDR) on UPI payments, calling for a "No UPI Day" on September 23. Over 100 merchants and organizations, represented by the Ahilya Chamber of Commerce, are boycotting UPI payments above a certain threshold. President of the Ahilya Chamber, Ramesh Khandelwal, argues the move is detrimental to the digital India initiative and hinders business for traders already operating at slim margins.
Merchants will stop accepting UPI payments and cover their scanners with black cloth. The Indore Retail Garments Association, echoing the call, is using posters, call centers, and social media to reach one million people. They maintain the protest is not against UPI but to address concerns over potential increased costs.
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