UPI MDR Explained: Why Pneucons Says New Payment Charge Could Eat 94% Of Its Margins
Mumbai: Ahmedabad-based industrial marketplace Pneucons will stop accepting UPI payments from October 10, days before the new merchant discount rate framework takes effect. Co-founder Pritesh Lakhani said the charge could wipe out most of the company’s margins on UPI orders. “After thoughtful consideration we have decided to disable UPI going forward from 10th Oct,” Lakhani said in a post on X.…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
