Fuel Pumps Warn They Won't Accept UPI Payments Above Rs 2,000 Over New Fee

UPI MDR: Will petrol pumps stop accepting payments above ₹2,000? Nithin Kamath warns of impact on stockbrokers

The new UPI MDR framework has triggered protests from traders and industry groups. Petrol pumps in Mumbai may stop accepting UPI payments above ₹2,000 from October 15, while retailers warn the charges could push merchants toward cash and increase costs across sectors.

Mumbai Petrol Pumps May Stop UPI Payments From October 15 Over MDR Charges | 📰 LatestLY

Mumbai petrol dealers have warned they may stop accepting UPI payments from October 15 over the revised Merchant Discount Rate (MDR). The Petrol Dealers Association has sought a complete exemption from the RBI and Finance Ministry, saying rising costs and tight margins make the charge difficult to absorb as more than 60% of fuel transactions are digital. 📰 Mumbai Petrol Pumps May Stop UPI Payments From October 15 Over MDR Charges.

Fuel Pumps Warn They Won't Accept UPI Payments Above Rs 2,000 Over New Fee

Petrol pump dealers are seeking a complete exemption from the proposed 0.4% MDR on UPI fuel payments and may stop accepting UPI transactions above Rs 2,000 from October 15.

Petrol Pump Dealers Warn Of UPI Halt Above Rs 2,000 From October 15 Over New Fee Row

Petrol dealers are seeking an exemption from the new MDR, warning they may stop accepting UPI payments above Rs 2,000 from October 15.