Madhya Pradesh traders cover UPI devices in protest over MDR
Traders and retailers in Madhya Pradesh observed a “No UPI Day” and asked for the rollback of charges known as merchant discount rates. In Bhopal and Indore, some shops covered QR codes and payment soundboxes and asked customers to pay in cash.
Traders and retailers in Madhya Pradesh observed a “No UPI Day” to protest merchant discount rate charges and demand their rollback, The Hindu reported. The action was visible in cities including Bhopal and Indore. At several shops, QR-code stickers and payment-confirmation soundboxes were covered with black cloth.
The traders asked customers to make payments in cash instead of using the Unified Payments Interface, or UPI, system. The supplied report does not state how many businesses took part, how long the protest lasted or the level of customer response. It also does not identify the specific MDR rates being challenged.
The action reflects the retailers’ opposition to charges associated with digital payments, but the available material does not include a response from payment providers, banks or government authorities. No information is provided on whether the traders’ demand for a rollback has been accepted.
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