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Mobile retailers seek UPI MDR exemption, warn 0.4 per cent charge could raise costs

All India Mobile Retailers Association has urged the Finance Ministry to exempt small and medium mobile retailers from any proposed UPI Merchant Discount Rate. AIMRA said a 0.4% charge could increase costs for retailers already operating on thin margins

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Mobile retailers seek exemption from UPI MDR, warns of rising costs (File pic)

Mobile retailers seek exemption from UPI MDR, warns of rising costs (File pic)

The All India Mobile Retailers Association (AIMRA) has requested the Finance Ministry to exempt small and medium mobile phone retailers from any proposed Merchant Discount Rate (MDR) or transaction charges on UPI payments. The AIMRA has also claimed that they are already operating on very thin business margins. 

In a letter to Union Finance Minister Nirmala Sitharaman, the AIMRA said it represents more than 1.50 lakh small mobile phone and electronics retailers across India, as per IANS. 

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