{
  "id": 9216231,
  "title": "Traders Call For ‘No UPI Day’ On October 2 Against Proposed 0.4% MDR On High-Value UPI Payments",
  "url": "https://urgent.news/2026/09/22/traders-call-for-no-upi-day-on-october-2-against-proposed-0-4-mdr-on",
  "topic": "world",
  "section": "World",
  "published": "2026-09-22T22:26:09.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/traders-call-for-no-upi-day-on-october-2-against-proposed-04-mdr-on-high-value-upi-payments"
  },
  "original_language": "en",
  "account": "Traders are urging a \"No UPI Day\" on October 2 to protest against a proposed 0.4% Merchant Discount Rate (MDR) on high-value UPI payments over Rs 2,000. The charge will be capped at Rs 300 for transactions above Rs 75,000. Small retailers meeting exemption criteria will not be charged. Viren Shah, president of the Federation of Retail Traders Welfare Association, said the campaign aims to show solidarity among traders. He warned that the fee could encourage businesses to accept cash for large purchases, undermining digital payment efforts. While the Retail Association of India opposes the MDR, it is not joining the protest. The Confederation of All India Traders supports the measure, stating the UPI system needs more funding for infrastructure and security. The government maintains the MDR will make the UPI ecosystem financially sustainable and more secure, though consumers won't directly pay the fee.",
  "summary": "Traders across the country have been urged to observe October 2 as a “No UPI Day” to press for the withdrawal of the proposed Merchant Discount Rate (MDR) on specified high-value UPI transactions. MDR Capped At ₹300 For Larger Transactions The campaign has been launched ahead of the October 15 rollout of a 0.4% MDR on specified person-to-merchant UPI payments above Rs 2,000. The charge will be…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}