Mobile retailers demand exemption from proposed 0.4% UPI fee
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AI-generated summary of the coverage listed below: Retailers across India have called for a waiver of the planned 0.4% merchant discount rate (MDR) on person‑to‑merchant UPI payments above ₹2,000, set to roll out on October 15. The All India Mobile Retailers Association warns that the fee could raise operating costs for small and medium outlets that already run on thin margins. The request comes amid a broader debate over digital payment charges and their impact on small businesses.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
Who is covering this story
- Center (2): Free Press Journal, Mid-Day
Sources
- Traders Call For ‘No UPI Day’ On October 2 Against Proposed 0.4% MDR On High-Value UPI Payments — Free Press Journal (center)
- Mobile retailers seek UPI MDR exemption, warn 0.4% charge could raise costs — Mid-Day (center)