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Wire · operational-macro

Madhya Pradesh: Indore traders observe 'No UPI Day' against new MDR charges

23 September 2026 · By · Wire by Fusion42

Published

23 September 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at aninews.in →

◆ Verified

Fusion42 · 24 September 2026 · Fusion42 review

Traders in Indore are protesting the proposed 0.4% Merchant Discount Rate (MDR) on UPI transactions above Rs 2,000 by observing a 'No UPI Day' and warning they may revert to cash transactions if the charge is implemented.

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 proposed MDR will force you to rethink your UPI payment strategy in India as traders plan to reject payments over Rs 2,000. You need to prepare for a potential cash shift or find ways to absorb extra costs if this surcharge passes.

◆ Coverage

27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026

◆ Related on Wire

◆ Topics

Fintechupimdrdigital-paymentstrader-protestindia