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Debit card transactions News
Debit card transactions
E-mandate: RBI strengthens process with new guidelines, procedures
Sat, Aug 24, 2019
RBI has strengthened the process of e-mandate on cards for recurring transactions with AFA during e-mandate registration and first transaction, and simple/automatic subsequent successive transactions.
How the government's MDR reimbursement decision impacts you
Sun, Dec 17, 2017
Read how the government's MDR reimbursement decision will impact customers and railway commuters.
Retailers say higher MDR nearly doubles merchants' costs
Wed, Dec 13, 2017
Retailers are lamenting the RBI's upward revision of merchant discount rates (MDR), the rate merchants pay banks per card transaction, claiming it has nearly doubled their costs.
Only 7% rise in transactions through cards post Demonetistion
Sun, Jul 16, 2017
Officials from various ministries gave a presentation to the Parliamentary Standing Committee on Finance on 'Demonetisation and Transformation towards Digital Economy'.
Are RBI's efforts to reduce MDR charges on debit card transactions enough?
Tue, Feb 21, 2017
The Reserve Bank of India (RBI) has issued a draft circular aiming at rationalising Merchant Discount Rate (MDR) on debit card transactions.