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MP Traders to Observe 'No UPI Day' on Sept 23, Million to Protest New MDR Rule.
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News18•21-09-2026, 09:41
MP Traders to Observe 'No UPI Day' on Sept 23, Million to Protest New MDR Rule.
- •Traders in Madhya Pradesh will observe 'No UPI Day' on September 23, aiming for 1 million participants.
- •The protest is against the new MDR rule for UPI transactions, effective October 15.
- •On this day, traders will neither accept nor make UPI payments and will cover UPI scanners with black cloth.
- •Trader organizations are using WhatsApp and social media to spread the campaign across the state.
- •Traders are not against digital payments but object to the additional cost on high-value UPI transactions.
Key Questions Answered
Traders in Madhya Pradesh are observing 'No UPI Day' on September 23 to protest against the new merchant discount rate (MDR) rule being implemented nationwide from October 15, which they argue adds an extra financial burden on high-value transactions.
The state-level protest aims to have at least 1 million traders participate across Madhya Pradesh, with over 125 organizations representing approximately two lakh traders supporting the campaign in Indore alone.
On 'No UPI Day', participating traders will neither accept nor make any payments via UPI, switch to alternative payment methods, and cover their payment QR scanners and devices with black cloth.
