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Traders Call For ‘No UPI Day’ On October 2 Against Proposed 0.4% MDR On High-Value UPI Payments
Traders across India have been urged to observe October 2 as No UPI Day against the proposed 0.4% MDR on specified high-value UPI payments. FRTWA president Viren Shah said the campaign seeks trader unity and warned of rising costs. The Retail Association of India will not join the protest, while CAIT supports MDR citing ecosystem needs.
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