Wire · operational-macro
Industrial marketplace Pneucons disables UPI on orders from Oct 10; here's why
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 4 October 2026 · Fusion42 review
India's National Payments Corporation has introduced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000 starting October 15, impacting high-value commercial payments. Industrial marketplace Pneucons will disable UPI from October 10 due to the MDR severely eroding their margins.
This Wire brief sits within Fusion42's coverage of Fintech, and 27 sources have reported it between 15 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
You face rising payment costs if you accept UPI for high-value sales in India, as the new MDR eats into commissions and cash flow. Cut your dependence on UPI now or lose most of your margin on orders over Rs 2,000.
◆ Coverage
27 sources · first reported 15 Sep 2026 · latest 5 Oct 2026
◆ Related on Wire
◆ Topics