The record
Written from the 1 report below. Nothing here is unsourced.
- Petrol pump dealers are threatening to stop accepting UPI transactions exceeding 2,000 rupees starting October 15.
- The proposed move comes in response to a planned 0.4% Merchant Discount Rate (MDR) on UPI fuel payments.
- Dealers are requesting a complete exemption from these charges to maintain current payment processing operations.
What to watch next
- October 15 deadline for implementation of the transaction restriction.
- Potential government or industry response to the exemption demand.
Coverage1
1 report
English national1
All filed from India
Named India · Petrol pump dealers
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