The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.

The Confederation of All India Traders has clarified that it has not announced or endorsed any nationwide “No UPI Day” on October 2.CAIT said reports and social media posts claiming that it had called for or endorsed the observance are incorrect and do not reflect the organisation’s official position.The traders’ body said it has taken no decision or passed any resolution on observing a “No UPI Day” on October 2. It added that any report, statement or communication attributing such a call to CAIT is factually wrong and appears to be based on misinformation or misinterpretation.CAIT also clarified that some trade organisations and regional bodies may have independently announced programmes or protests over the merchant discount rate issue. Such initiatives are their own decisions and should not be linked to or attributed to CAIT, it said.The organisation urged media outlets to verify information through official CAIT sources before publishing or broadcasting any communication in its name. It also asked traders and the public not to rely on speculative reports and to refer to official CAIT communications.CAIT said it remains committed to safeguarding the interests of traders while supporting the growth, sustainability and security of India’s digital payments ecosystem.However, in a separate development, traders across Madhya Pradesh observed a "No UPI Day" on Wednesday to protest the Centre's decision to impose a 0.4% fee on UPI transactions over ₹2,000 by covering the QR codes at their shops with black cloth, reported PTI.The protesters appealed to customers to make payments in cash.Ramesh Khandelwal, president of the Ahilya Chamber of Commerce and Industry, a federation of trade organisations, claimed that their members in Indore, Bhopal, Jabalpur, Gwalior, Ratlam, Neemuch, Mandsaur, and Jaora participated in the 'No UPI Day' campaign.What is MDR row?From October 15, a 0.4% Merchant Discount Rate will apply to eligible person-to-merchant UPI transactions above ₹2,000, subject to a maximum charge of ₹300 per transaction.Person-to-person transactions and merchant payments up to ₹2,000 will remain free, while categories such as insurance and capital-market payments will have separate rates.The framework has prompted discussion around the potential revenue it could generate for banks, payment service providers and other participants, as well as the costs it could create for merchants.