No UPI Above Rs 2,000? MP Petrol Pumps to Stop Accepting Payments From October 16 over MDR
4 Articles
4 Articles
There is opposition to MDR in many parts of the country, and some people are confused about the MDR rules. Meanwhile, the Petrol Pump Dealers Association of Madhya Pradesh has announced that they will not accept UPI payments for petrol and diesel purchases exceeding ₹2,000 from October 16th.
There is anger among traders across the country over the MDR (Merchant Discount Rate) charge imposed on UPI transactions. Taking a strong stand against this decision of the government, the Madhya Pradesh Petrol Pump Dealers Association has announced that from October 16, payments will not be accepted through UPI for purchases above Rs 2,000 at petrol pumps. Customers can make purchases above Rs 2,000 […] The post Opposition to MDR charge: Cash p…
MP News: Petrol pumps in Madhya Pradesh will not charge UPI payments of more than 2,000 rupees from October 16. Petrol pump dealers of the state have said that due to the proposed 0.4 percent Merchant Discount Rate (MDR) on high-priced merchant transactions, they will not take UPI payments. Madhya Pradesh will not bear the extra burden [...]
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