Textile merchants stage protest against UPI charge move in Kochi
Textile merchants in Kochi staged a protest against the central government's reported plan to impose a 0.4% merchant discount rate on UPI transactions starting October 15. The Kerala Textiles and Garments Dealers Welfare Association organized the march to express their opposition to the potential new fee.
Why it matters
The move reflects growing resistance among small business owners toward transaction fees on digital payment platforms, which could impact the adoption of UPI.
The Kerala Textiles and Garments Dealers Welfare Association (KTGA) staged a protest against the Central government’s reported move to impose a merchant discount rate of 0.4% on Unified Payments Interface (UPI) transactions from October 15.
The Ernakulam district committee of the association took out a protest march from its office at DD Bazaar to the BSNL office. KTGA State treasurer M.N. Babu flagged off the march.
Around 500 textile merchants from the district took part in the protest meeting, which was inaugurated by KTGA State general secretary K. Krishnan.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in