Wire · operational-macro
MP petrol pump dealers to stop accepting UPI payments above Rs 2,000 from Oct 16 over ...
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Fusion42 · 19 September 2026 · Fusion42 review
Madhya Pradesh petrol pump dealers will stop accepting UPI payments above Rs 2,000 from October 16 due to a new 0.4% Merchant Discount Rate (MDR) charge on such transactions, which they say they cannot absorb given their slim profit margins. They will still accept debit and credit card payments without limit and have urged the government to extend the MDR exemption on cards to UPI transactions.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it.
◆ ◆ The Wire takeaway
The new MDR charge on UPI transactions means you should rethink payment options if you rely on micromargins in fuel retail or similar sectors. You can lean into card payments but be ready for UPI users to face limits that shift customer behaviour.
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2 sources · 19 Sep 2026
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