The Payments Council of India (PCI) 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.
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September 17, 2026 at 3:24 PM
UPI MDR: PCI fact-checks Kerala Congress' ₹146 claim on ₹30,924 diesel payment, says charge is ₹5
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