Mumbai petrol pumps may stop taking UPI payments from October 15
- Mumbai petrol pumps may stop accepting UPI payments above ₹2,000 from October 15 over new MDR charges.
- The new rules impose a 0.4% MDR on UPI transactions above ₹2,000, though fuel payments face a flat ₹5 fee.
- Petrol dealers have asked the RBI and Finance Ministry to fully waive the charges for fuel retailers.
- Dealers say over 60% of fuel sales are digital, but fixed commissions make absorbing the new costs difficult.
Source: deccanchronicle.com
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