UPI transaction charges: Petrol pump dealers seek full MDR exemption on payments above ₹2,000
UPI transaction charges: Petrol pump dealers have requested government intervention to eliminate MDR on UPI transactions exceeding ₹2,000, arguing that high fees undermine their income and run counter to efforts to promote digital payments.
The All India Petroleum Dealers Association has requested the Union Finance Minister for a full exemption from Merchant Discount Rate (MDR) charges on UPI payments exceeding ₹2,000. The association argues that because dealer earnings are based on fixed per-litre margins, percentage-based transaction levies directly reduce their net income.
They claim that high MDR charges could discourage petrol dealers from facilitating UPI payments over ₹2,000, which would undermine the government's aim of expanding digital payment adoption.
Brief written by urgent.news from Live Mint's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
