Wire · operational-macro
Traders withdraw 'No UPI Day' protest after meeting FM Sitharaman
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Fusion42 · 1 October 2026 · Fusion42 review
Traders in India have withdrawn their planned 'No UPI Day' protest after meeting Finance Minister Nirmala Sitharaman regarding the proposed 0.4% fee on merchant UPI transactions above Rs 2,000. Despite the protest withdrawal, the fee is scheduled to come into effect from October 15, with traders hopeful their concerns will be addressed before implementation.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 30 Sep 2026 and 1 Oct 2026.
◆ ◆ The Wire takeaway
You face a new cost on UPI payments over Rs 2,000 that could squeeze small merchants and affect payment adoption. Reassess your pricing or customer education before the fee hits on October 15.
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2 sources · first reported 30 Sep 2026 · latest 1 Oct 2026
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