No UPI Day in MP, 25% less transactions: Protests intensify in Indore, Bhopal and Gwalior; Impact on business worth ₹63,000 crore every month.

In Madhya Pradesh, traders observed 'No UPI Day' on September 23rd in protest against the proposed 0.4% MDR (Merchant Discount Rate) on UPI payments. In several cities across the state, including Bhopal, Indore, and Jabalpur, traders refused to accept UPI payments exceeding ₹2,000. The protests had a negligible impact in some cities, including Ujjain. According to rough estimates by trade organizations, business was affected by approximately 25% in MP on No UPI Day. Bhopal and Indore...