Traders in Mumbai are opposing a new government levy on UPI transactions, warning that it will increase costs for consumers and reduce digital payment adoption.
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Chetan Modi
1 quote“Dealers adopted digital payments under the assurance of zero MDR. Penalising petrol pumps for driving digitisation makes operations unviable, leaving associations no choice but to demand an immediate, complete exemption or discontinue accepting UPI entirely.”
Viren Shah
1 quote“Additional costs will ultimately be passed on to the consumer”
Mukesh Kuwadia
1 quote“I am no expert, but I feel 96% transactions are below Rs 2,000 so it is no problem for anyone. Also banks and platforms need money to upgrade security.”
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Sources1
All filed from IndiaNamed India · IN-MH · Petrol Dealers Association · APMC Vashi · Chetan Modi · Federation of Retail Traders Welfare Association · Ministry of Finance · Mukesh Kuwadia · Narendra Modi · Nilesh Veera · Viren Shah
- [1]The Times of India — MumbaicriticalMumbai traders oppose new levy on UPI payments, say consumers will have to bear the costs