Wire · operational-macro
Retailer Bodies Call Off 'No UPI Day' On Oct 2 After Meeting FM Sitharaman Over MDR
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Fusion42 · 1 October 2026 · Fusion42 review
Retailer bodies AIMRA and AICPDF withdrew their planned 'No UPI Day' protest on October 2, 2026, after meeting Indian Finance Minister Nirmala Sitharaman to discuss concerns over UPI Merchant Discount Rate (MDR) charges. The delegation requested the deferment of new UPI MDR charges due to the upcoming festive season and associated business activity.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You can expect a temporary pause in UPI MDR charges implementation during the festive season in India, opening a brief window for retail payment platforms to adjust pricing and customer outreach. This delay lets you avoid immediate pushback but watch for quick policy shifts post-festival.
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1 source · 1 Oct 2026
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