Petroleum Dealers Seek Full UPI Fee Exemption
· Business · Zee News, The Hindu, ANI
The All India Petroleum Dealers Association has requested a complete exemption from Merchant Discount Rate (MDR) charges on UPI transactions at fuel stations. The association warned that imposing these fees could force dealers to restrict UPI payments above certain thresholds to avoid financial losses. Dealers argue that the current cost structure threatens the viability of digital payments at petrol pumps. The association's letter highlights concerns that such charges may discourage the adoption of UPI among customers.
Why it matters
If the request is denied, fuel station owners may limit digital payment options, potentially reversing the trend of cashless transactions at petrol pumps across India.
Read the original report — Zee News
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