business ⛽ Fuel Pumps Might Drop UPI for Big Payments
Petrol pump dealers are threatening to stop accepting UPI payments exceeding Rs 2,000 across the country. This issue primarily involves dealers in Madhya Pradesh and other regions who are concerned about the new Merchant Discount Rate. They warn that this change could start from October 15, impacting customers making larger fuel purchases. Dealers are demanding a complete waiver of the proposed 0.4% MDR on these UPI transactions. This move highlights the difficulty retailers face with rising operating costs and transaction fees. ⛽