Wire · operational-macro
Traders across Madhya Pradesh cover QR codes in protest against UPI fee
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Fusion42 · 24 September 2026 · Fusion42 review
Traders across Madhya Pradesh protested the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 by covering QR codes at shops and urging cash payments. The fee is set to be implemented from October 15, raising concerns among traders about additional financial burdens.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
The new UPI fee puts you directly in the firing line as a payments fintech founder in India. Prepare for merchant pushback that could stall adoption and push firms to support alternative payments or adjust pricing fast.
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27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
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