UPI MDR Sparks Frenzy Among Petrol Pump Owners; Dealers Threaten To Stop Accepting Online Payments Above Rs 2,000

Petrol pump dealers across India threaten to stop accepting UPI payments above Rs 2000 if a flat Merchant Discount Rate MDR is applied citing thin margins This follows the governments new 04 per cent fee on large UPI transactions with NPCI clarifying a flat Rs 5 charge for fuel payments over Rs 2000