Tag Archives: MDR

Else, we will discourage UPI which may not be easy,” said Siddharth Kothari of Peter Hu

UPI

Pune: Fuel dealers in the state will decide on Sept 27 whether or not to accept UPI payments

Fuel dealers say the 0.4% MDR will squeeze their margin, which is fixed

Why it matters: ‘Change’ will be scarce, change will be king, say: The wider industry impact

Traders’ association says MDR won’t change consumer behaviour, UPI will continue to rule

He said OMCs should follow the same model adopted for credit card payments, under which petrol

A 0.4% merchant discount rate on UPI transactions above Rs 2,000 comes into effect on [...]

“The merchant would not be able to accept large payments in cash: The wider industry impact

Some owners fear this may lead to increased cash transactions and reduced UPI usage.

Gujarat petrol dealers seek exemption — 0.4% UPI MDR

Ahmedabad: The Federation of Gujarat Petroleum Dealers Associations has urged National Payments Corporation of India [...]

Why it matters: Merchants wary of margin squeeze as Centre announces: The wider industry impact

Hyderabad: The Centre is sticking to its decision to introduce a 0.4% Merchant Discount Rate [...]

TN Agrawal of Agra Vyapar Mandal warned the charge would add: The wider industry impact

Agra/Aligarh/Muzaffarnagar/Meerut: Traders, shopkeepers and business owners across western Uttar Pradesh have strongly opposed Centre’s proposed [...]

UPI charge plan draws flak from Bengaluru businesses

In Bengaluru, local merchants are rallying against a suggested MDR affecting UPI payments above Rs [...]

Congress leaders also questioned Centre’s decision and alleged that the new framework could

UPI