Stories
Traders Call Off 'No UPI Day' After Meeting FM Sitharaman, Urge Higher Threshold
N
News18•30-09-2026, 15:59
Traders Call Off 'No UPI Day' After Meeting FM Sitharaman, Urge Higher Threshold
- •Pan-India traders' bodies canceled their 'No UPI Day' strike, protesting the proposed UPI Merchant Discount Rate (MDR), after meeting Finance Minister Nirmala Sitharaman.
- •A delegation led by BJP MP Praveen Khandelwal raised concerns and suggestions regarding the proposed MDR with the Finance Minister.
- •The All India Consumer Products Distributors Federation (AICPDF) and the All India Mobile Retailers Association (AIMRA) urged the government to defer MDR implementation due to the upcoming festive season.
- •Traders sought a review of the proposed Rs 1 lakh threshold, requesting an increase to Rs 5 lakh to reflect operational realities.
- •They also demanded that Merchant-to-Merchant (M2M) transactions be exempt from MDR and called for a special committee to address their concerns.
Key Questions Answered
Pan-India traders' bodies called off their strike after a delegation led by BJP MP Praveen Khandelwal met with Finance Minister Nirmala Sitharaman to discuss concerns regarding the proposed UPI Merchant Discount Rate (MDR).
The delegation urged the government to review the proposed Rs 1 lakh threshold and increase it to Rs 5 lakh, while also requesting that Merchant-to-Merchant transactions be kept outside the purview of MDR.
The All India Consumer Products Distributors Federation (AICPDF) and the All India Mobile Retailers Association (AIMRA) had announced the protest before calling it off following their meeting with Finance Minister Nirmala Sitharaman.
