CAIT denies nationwide ‘No UPI Day’ call over proposed MDR levy
The traders’ body said reports of a nationwide UPI boycott on October 2 are misleading, distancing itself from regional protests against a proposed 0.4% MDR on certain merchant UPI payments above ₹2,000 from October 15.
What happened
Confederation of All India Traders (CAIT) · CAIT denied calling a nationwide “No UPI Day” on October 2, distancing itself from regional trader protests over a
Key facts
- 0.4% MDR
- ₹2,000 transaction threshold
- October 2
- October 15
- September 25
Why this matters
Payments partners should monitor regional trader sentiment and MDR-policy developments, as any levy on larger merchant UPI transactions could reshape acceptance incentives and partnership economics.