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Maha: Mumbai fuel dealers warn of shut down against UPI MDR from Oct 15
Published: 19/09/26 13:17
Mumbai | India
Mumbai, Sep 19 (UNI) The Petrol Dealers' Association, Mumbai, has written a letter to the Reserve Bank of India (RBI) requesting a complete exemption for fuel retailers from the proposed UPI MDR charges, even as it also warned of not accepting UPI payments at fuel stations across the city from October 15, if MDR (Merchant Discount Rate) charges are imposed on UPI transactions above Rs 2,000. According to the letter dated September 16 sent by the Petrol Dealers' Association, Mumbai, and addressed to the RBI Governor and the Chief General Manager of its Department of Payment and Settlement Systems, Petrol…