The record
Written by software from the 1 report below. The points restate them; where one says why it matters, that is Prism's reading, not a reported fact.
- The All India Mobile Retailers Association requested a formal exemption from any proposed Merchant Discount Rate for UPI transactions.
- Retailers report operating on thin net margins ranging from 0.75 per cent to 1.5 per cent.
- The organization stated that a 0.4 per cent fee could significantly erode profitability given current economic conditions.
- High operational expenses and rising smartphone prices are already impacting the sector.
What to watch next
- Potential decision from the Finance Ministry regarding UPI MDR exemption for small retailers.
- Future impact of rising smartphone prices on overall retail business volumes.
Who said what1
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All India Mobile Retailers Association
1 quote · 1 outlet
“Mainline mobile retailers operate on extremely thin net margins, often between 0.75 per cent and 1.5 per cent. If an MDR charge of 0.4 per cent is imposed on UPI transactions — which account for a significant portion of digital payments — it will directly erode their survival margins”
In the article
…India. The association said imposing a 0.4 per cent MDR on UPI transactions could directly increase costs for retailers at a time when the mobile retail sector is facing weaker sales and higher operating expenses. “ Mainline mobile retailers operate on extremely thin net margins, often between 0.75 per cent and 1.5 per cent. If an MDR charge of 0.4 per cent is imposed on UPI transactions — which account for a significant portion of digital payments — it will directly erode their survival margins ,” the trade association said. According to AIMRA, a retailer processing Rs 10 lakh to Rs 40 lakh in monthly UPI transactions could face an additional cost of Rs 4,000 to Rs 16,000 each month if a 0.4 per cent charge is…
Coverage1
All filed from India
Named India · Ministry of Finance · Nirmala Sitharaman · All India Mobile Retailers Association
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