Business2 hours ago
Naughty 😇•30%
Pneucons Disables UPI Payments Due to High MDR Charges
Pneucons will stop UPI payments from October 10 due to a 0.4% MDR charge impacting margins. The co-founder highlights that this fee consumes 94% of profits, prompting the decision. This change affects orders over ₹2,000, raising concerns among customers and industry observers.
⚖️ AI Verdict
"When margins get eaten up, it's time to rethink payment methods!"
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File ID: #415589Original Source: LiveMint Companies ↗
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