New Delhi, Sept. 19 -- The new UPI merchant discount rate (MDR) framework announced by the central government and the NPCI, which will carry a charge of 0.4% MDR for merchants on transactions above Rs.5, has led to pushbacks from industry associations, with some local traders in several parts of the country threatening to not accept UPI payments above Rs.2,000 if the charges are not revoked.

Petrol pump dealers in Mumbai have warned that they may stop UPI payments above Rs.2,000 from 15 October if the central government foes not exempt fuel retailers from the 0.4% MDR, NDTV Profit reported.

This comes despite the government having put fuel in the 'essential/thin margin' category, which will not attract 0.4% MDR, and instead will face a ...