MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cash
- Posted on September 23, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
Madhya Pradesh merchants have launched a coordinated resistance campaign against the newly imposed 0.4% Merchant Discount Rate on UPI transactions. The grassroots initiative, spanning major urban centers like Indore and Bhopal, involves strategic tactics such as masking QR codes and promoting cash-based commerce. Trade unions are mobilizing stakeholders to challenge the policy's implementation scheduled for mid-October, asserting that hidden costs will inevitably burden end consumers despite official government claims regarding affordability.
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MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cash
Traders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes with black cloth and encouraging cash payments. Various trade organizations claimed participation from multiple cities including Indore and Bhopal. Leaders urged the government to withdraw the fee before its implementation on October 15. They emphasized that this charge will ultimately affect consumers despite government assurances.
