September 25, 2026: The government is likely to "review" a demand for exemption from Merchant Discount Rate (MDR) on select UPI transactions, including a specific request to exempt petrol pumps from the charges, top government sources said.
"The Department of Financial Services (DFS) is likely to examine the representation seeking relief for petrol pumps", a source said, adding that no final decision has been taken on the matter so far.
Another source said that "before any final decision is taken, the matter will also be discussed at a higher level". However, sources at the higher level said that, "as of now" no proposal has reached them seeking any changes to the MDR charges announced earlier.
An email has been sent to the ministry of finance and ministry of petroleum seeking response to the story, but yet to get any response from them.
(Source: Money Control)
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