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Wire · operational-macro

Traders withdraw October 2 'No UPI Day' call after meeting FM Sitharaman

30 September 2026 · By · Wire by Fusion42

Published

30 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at moneycontrol.com →

◆ Verified

Fusion42 · 1 October 2026 · Fusion42 review

Trade bodies in India have withdrawn their call for a 'No UPI Day' on October 2 after meeting Finance Minister Sitharaman, seeking deferment of the proposed UPI Merchant Discount Rate (MDR) ahead of the festive season due to concerns about the impact on small and medium businesses.

This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 30 Sep 2026 and 3 Oct 2026.

◆ ◆ The Wire takeaway

You face a brief window to engage with Indian fintech regulators as the government pauses UPI fee changes. This delay opens an opportunity to influence MDR terms before they impact your payments business.

◆ Coverage

2 sources · first reported 30 Sep 2026 · latest 3 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdrregulatory-delaysmall-businesspaymentsindia