{
  "id": 8449334,
  "title": "UPI MDR: Will petrol pumps stop accepting payments above ₹2,000? Nithin Kamath warns of impact on stockbrokers",
  "url": "https://urgent.news/2026/09/19/upi-mdr-will-petrol-pumps-stop-accepting-payments-above-2-000-nithin",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-19T11:14:15.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/india/upi-mdr-will-petrol-pumps-stop-accepting-payments-above-2-000-nithin-kamath-warns-of-impact-on-stockbrokers-11789814622254.html"
  },
  "original_language": "en",
  "account": "The new UPI merchant discount rate (MDR) framework, which imposes a 0.4% charge on transactions exceeding ₹5, has raised concerns among various industry bodies. Petrol pump dealers in Mumbai have threatened to stop accepting UPI payments above ₹2,000 from October 15 if fuel retailers are not exempt from the 0.4% MDR. The Retailers Association of India warns that the move may encourage merchants to opt for cash payments instead, particularly during the upcoming festive season when a high volume of transactions will likely surpass ₹2,000. This development has also sparked a public-interest litigation (PIL) in the Supreme Court, arguing that the new framework lacks statutory authority, transparency, and safeguards for both consumers and merchants.",
  "summary": "The new UPI MDR framework has triggered protests from traders and industry groups. Petrol pumps in Mumbai may stop accepting UPI payments above ₹2,000 from October 15, while retailers warn the charges could push merchants toward cash and increase costs across sectors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}