{"id":1036574,"date":"2026-09-18T08:32:09","date_gmt":"2026-09-18T03:02:09","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1036574"},"modified":"2026-09-18T08:39:50","modified_gmt":"2026-09-18T03:09:50","slug":"retailers-push-back-against-proposed-0-4-mdr-on-upi-transactions-above-rs-2000-warn-of-hit-to-thin-margins","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/18\/retailers-push-back-against-proposed-0-4-mdr-on-upi-transactions-above-rs-2000-warn-of-hit-to-thin-margins\/","title":{"rendered":"Retailers push back against proposed 0.4% MDR on UPI transactions above Rs 2,000, warn of hit to thin margins"},"content":{"rendered":"<p>Kolkata: Retailers across the country are mounting a strong pushback against the proposed merchant discount rate (MDR) on unified payments interface (UPI) transactions above \u20b92,000, with industry associations representing consumer electronics, mobile phones and FMCG retailers petitioning the finance ministry to scrap the charge, saying it will erode their already thin net margins. <\/p>\n<p>In a letter to the finance ministry Wednesday, the All India Mobile Retailers Association (AIMRA), representing 150,000 neighbourhood stores, highlighted that the sector is facing a severe crisis, with a nearly 40% year-on-year drop in business volumes as companies raised handset prices to offset higher memory chip costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata: Retailers across the country are mounting a strong pushback against the proposed merchant discount rate (MDR) on unified payments interface (UPI) transactions above \u20b92,000, with industry associations representing consumer electronics, mobile phones and FMCG retailers petitioning the finance ministry to scrap the charge, saying it will erode their already thin net margins. In a letter to the finance ministry Wednesday, the All India Mobile Retailers Association (AIMRA), representing 150,000 neighbourhood stores, highlighted that the sector is facing a severe crisis, with a nearly 40% year-on-year drop in business volumes as companies raised handset prices to offset higher memory chip [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1036574","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1036574"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036574\/revisions"}],"predecessor-version":[{"id":1036595,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1036574\/revisions\/1036595"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1036574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1036574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1036574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}