The brief
- Retailers plan a nationwide “No UPI Day” on October 2
- A disruption to UPI payments could affect Indian payment firms and retailers if participation is significant
- Supreme Court declines interim stay on UPI MDR levy above ₹2,000
- If neither tax nor fee, what is this ‘expropriation’, Supreme Court asks Govt on UPI MDR charges
- Supreme Court refuses to stay UPI charges above ₹2,000; seeks Centre’s explanation
- Mobile retailers plan October 2 protest against proposed 0.4% UPI MDR
- Supreme Court to hear challenge to MDR on UPI merchant payments above ₹2,000