Report
AIMRA announces nationwide 'No UPI Day' for October 2 over proposed UPI charge
The Economic Times reports that AIMRA opposes a proposed 0.4% merchant discount rate on UPI transactions, which retailers argue would hurt small businesses' profit margins.
TLDR
The Economic Times reports that AIMRA announced a nationwide 'No UPI Day' for October 2, 2026, to protest a proposed 0.4% merchant discount rate on UPI transactions. Retailers argue that routine digital payments should remain free for micro and small enterprises, and the association wants the proposal withdrawn.
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