Traders across Madhya Pradesh observed a “No UPI Day” protest by covering their payment QR codes with black tape to push back against a planned merchant fee hike. The demonstration targets a central decision to implement a 0.4% Merchant Discount Rate on Unified Payments Interface transactions exceeding 2,000 rupees.
Protests Spread Across Madhya Pradesh Cities
According to Ahilya Chamber of Commerce and Industry Chairman Ramesh Khandelwal, the “No UPI Day” protest hit multiple locations throughout the state. Cities including Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jawora saw widespread participation from local business owners. Traders obscured their payment QR codes with black tape to voice their opposition.
Retailers argue that the central government made the decision to charge fees without holding prior consultations. Under the planned policy, businesses face a 0.4% charge on transactions above 2,000 rupees. The policy is scheduled to take effect on October 15.
Escalating Threats and Local Impacts
Traders have warned of further escalations if the central government does not withdraw the fee collection plan. Akshay Jain, president of the Indore Retail Garments Association, stated that business owners could dump their UPI QR code machines into water en masse if the requirement remains in place.
The pushback is already affecting daily commerce in the region. Recent reports indicate that petrol pumps in Madhya Pradesh have stopped accepting UPI payments for transactions exceeding 2,000 rupees.
Did You Know? The protest involves traders across multiple key Madhya Pradesh cities—including Indore, Bhopal, and Gwalior—obscuring their payment QR codes with black tape.
Frequently Asked Questions
Why are traders in Madhya Pradesh protesting?
Traders are protesting a central decision to impose a 0.4% Merchant Discount Rate on UPI transactions exceeding 2,000 rupees.
What actions did business owners take during the protest?
Business owners observed “No UPI Day” by covering their store QR codes with black tape.
What is the next step threatened by retailers if the fee is not withdrawn?
According to Indore Retail Garments Association President Akshay Jain, traders may dump their UPI QR code machines into water en masse.
How will this digital payment standoff between local traders and the central policy affect everyday retail shopping in your area?
Keep reading