Mobile phone retailers across India plan to observe October 2 as “No UPI Day” in protest against 0.4 per cent merchant discount rate charges on UPI transactions, a senior official of industry body AIMRA said.
The government has introduced a 0.4 per cent fee on UPI transfers exceeding Rs 2,000 to merchants from October 15, while exempting person-to-person transactions as well as small payments from any charges.
“The All India Mobile Retailers Association (AIMRA) has called for a ‘NO UPI DAY’ on October 2, 2026, to highlight the concerns of mobile retailers regarding the 0.4 per cent Merchant Discount Rate (MDR) applicable to eligible merchant UPI transactions,” AIMRA Vice President and President for Delhi NCR region, Tarvinder Singh, said in a statement.
He said retailers will symbolically cover UPI QR Codes with black cloth and refrain from accepting UPI payments on Gandhi Jayanti.
According to a representation sent to Finance Minister Nirmala Sitharaman by AIMRA, the move to impos
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