‘No UPI Day’: Mobile, FMCG Retailers To Protest UPI MDR On October 2

by · Inc42

SUMMARY

  • The All India Mobile Retailers Association (AIMRA) and The All India Consumer Products Distributors Federation (AICPDF) have called for a “No UPI Day” on October 2 (Friday)
  • The protest puts the spotlight on how percentage-based MDR could affect high-value, thin-margin retail businesses, while also challenging why some sectors have a fixed ₹5 charge
  • AIMRA wants a fixed, nominal MDR or zero MDR, while AICPDF estimates the proposed levy could add ₹7,000 Cr-₹9,000 Cr in annual costs across the FMCG retail and distribution ecosystem