Wire · operational-macro
What is 'No UPI Day'? Here's how mobile retailers plan to protest against MDR charges on October 2
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Fusion42 · 29 September 2026 · Fusion42 review
Mobile phone retailers across India plan to observe 'No UPI Day' on October 2, 2026, to protest a new 0.4% Merchant Discount Rate (MDR) fee on UPI transactions above Rs 2,000, arguing it imposes a significant financial burden on small retailers.
This Wire brief sits within Fusion42's coverage of Fintech, and 13 sources have reported it between 16 Sep 2026 and 29 Sep 2026.
◆ ◆ The Wire takeaway
You run a retail business relying on UPI payments. The government's new transaction fee threatens your margins immediately, making cash and alternative payments more attractive. Switching payment methods or lobbying locally for relief could save you significant costs.
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13 sources · first reported 16 Sep 2026 · latest 29 Sep 2026
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