UPI MDR Row: CAIT-Led Delegation Meets Finance Minister Sitharaman, Protest Withdrawn
- A delegation led by the Confederation of All India Traders met Finance Minister Nirmala Sitharaman in New Delhi to discuss the proposed 0.40% MDR on UPI transactions above Rs 2,000.
- The All India Consumer Products Federation and All India Mobile Retailers Association withdrew their planned “No UPI Day” protest for October 2 after the meeting.
- Trade groups sought deferment of the fee, a higher threshold, and exemptions for merchant-to-merchant transactions.
- The proposed fee remains scheduled to begin on October 15, while representatives were assured that traders’ concerns would be considered.
16 Articles
16 Articles
Traders' associations call off ‘No UPI Day’ protest on 2 October after assurance from Finance Minister Sitharaman
Traders have canceled the 'No UPI Day' protest on 2 October, against the 0.4% MDR charge on merchant payments, following assurances from Union Finance Minister Nirmala Sitharaman on Wednesday.
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LatestlyUPI MDR row: CAIT-led delegation meets Finance Minister Sitharaman, protest withdrawn
A delegation of senior trade leaders led by Confederation of All India Traders (CAIT) Secretary General and Chandni Chowk MP Praveen Khandelwal on Wednesday met Union Finance Minister Nirmala Sitharaman to discuss concerns over the proposed Merchant Discount Rate (MDR) of 0.40 per cent on UPI transactions above Rs 2,000.
Traders withdraw October 2 'No UPI Day' call after meeting FM Sitharaman
Trade bodies seek deferment of proposed UPI MDR ahead of festive season. A delegation of about 20 senior trade leaders from across states raised the traders' concerns of likely impact on small and medium businesses.
Given the growing adoption of digital payments in India, the decision to celebrate 'No UPI Day' on October 2nd has now been canceled. Following a meeting with the Finance Minister, traders decided not to proceed with the protest. This meeting marked an important dialogue between trade unions and the government. […]
Traders have called off the 'No UPI Day' protest scheduled for October 2. The protest was against the move to impose MDR on UPI transactions above Rs 2,000. The strike was called off after a meeting with Union Finance Minister Nirmala Sitharaman.
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