The Payments Council of India disputes Kerala Congress's claim that a 0.4% UPI merchant discount rate on fuel payments affects petrol pump operators' margins, clarifying that a flat MDR of ₹5 applies instead to transactions over ₹2,000, not a percentage-based rate.
The Payments Council of India disputes Kerala Congress's claim that a 0.4% UPI merchant discount rate on fuel payments affects petrol pump operators' margins, clarifying that a flat MDR of ₹5 applies instead to transactions over ₹2,000, not a percentage-based rate.
<iframe src="https://hindustansphere.com/embed/cluster/cf72fb6f9ee04b3ce3f42c73e7e32a63a8d31bd5" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="UPI MDR: PCI fact-checks Kerala Congress' ₹146 claim on ₹30,924 diesel payment, says charge is ₹5"></iframe>
The Payments Council of India disputes Kerala Congress's claim that a 0.4% UPI merchant discount rate on fuel payments affects petrol pump operators' margins, clarifying that a flat MDR of ₹5 applies instead to transactions over ₹2,000, not a percentage-based rate.
