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Indian Railways says no MDR charges for booking train ticket via debit card
Fri, Mar 02, 2018
MDR is referred as a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time a card is used for payments in their stores.
Citi India bans use of debit/credit cards to buy bitcoins
Tue, Feb 13, 2018
The decision, the bank said, comes following concerns, both globally and locally including from the RBI
Pros and cons of using debit and credit cards
Mon, Jan 22, 2018
The demonetisation move which was announced on November 08, 2016, has resulted in massive in digital platforms like debit card and credit card transaction.
Govt's digital payments push making banks suffer a loss of Rs 3,800 crore: SBI
Thu, Sep 28, 2017
The number of point of sale (PoS) terminals post demonetisation increased from 13.8 lakh in March, 2016 to 28.4 lakh in July, 2017.
Don't have a credit card? Shop on Flipkart with debit card EMI option
Fri, Sep 22, 2017
E-commerce platform has been flooded with mega sales. To push sales further, the marketplaces are coming up with new payment options. One such new option is EMIs on debit cards.
ATMs, Credit, debit cards set to disappear: Niti Aayog CEO
Sat, Apr 01, 2017
He attributed this to Prime Ministers Narendra Modi and Justin Trudeau "connecting well" with each other.
Banks rush to buy cyber security cover as digi payments rise
Sun, Feb 12, 2017
"We have always seen maximum security in all our IT systems. We are now considering to avail cyber insurance covers for our customers," SBI managing director Rajnish Kumar told PTI here.
Budget 2017: Govt to focus on BHIM, Aadhaar Pay to move towards digital economy
Wed, Feb 01, 2017
The government will also launch two new schemes to promote the usage of the BHIM app.
Movement towards digital transactions to continue: Modi
Sat, Jan 28, 2017
Prime Minister Narendra Modi on Saturday said India would continue moving towards digital transactions to make the country a less cash society -- an initiative following the spiking of old 500 and 1,000 rupee notes.
As BHIM downloads touch 5 million, 'teething problems' hit payment app
Wed, Jan 25, 2017
One user criticised the "very very poor app establishment", citing the inability to generate a PIN using the Maestro debit card. Asking the authorities to "please look into the matter at the earliest", he contended that some 30-40 per cent of account holders have debit cards without expiry dates.
Note ban to benefit jewellery sector in long run: Industry
Tue, Jan 17, 2017
The jewellery industry, which suffered and saw about 80% drop in demand following the demonetisation, is slowly recovering, although it may take over a year for things to become normal, market experts said.
Customers won't have to pay MDR charges at petrol pumps, Oil Minister Dharmendra Pradhan says
Mon, Jan 09, 2017
Pradhan said that Oil companies and banks discussing who is to bear MDR charges, adding, "Petrol pumps will continue to accept card payments post January 13."
Why small businesses are not willing to go digital
Tue, Dec 20, 2016
The cost of going digital for small businesses, SMEs and MSMEs are borderline prohibitive. This is the reason why even as the Government is giving incentives for businesses to go digital, some small players are skeptical.
This is how Govt may discourage you from using cash
Tue, Dec 20, 2016
After demonetisation, Government of India is currently mooting several proposals to push the country towards being less-cash. Apart from giving discounts on using debit or credit cards, there is a possibility that using cash may be taxed, Aseem Manchanda reports.
POS machines likely to outshine ATMs as India hurries towards less-cash
Tue, Dec 20, 2016
M B Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Institutional Equities said, “With 0.2 million ATMs and 1.4 million POS machines, Indian banks are getting an unexpected benefit coming through demonetisation as the bulk of 0.6 billion debit cards and 0.02 million credit card holders have started to look seriously at newer channels of payment.”
Banks should skip convenience charge for digital payments: TRAI
Tue, Dec 20, 2016
Banks should eliminate convenience charges to implement digital payment system across the country in the post-demonetisation era, said the chief of India`s telecom watchdog official on Monday.
RBI lowers MDR charges for up to Rs 2,000 payments via debit card
Sat, Dec 17, 2016
To encourage digital transactions, the Reserve Bank of India (RBI) on Friday decided to slash MDR charges on payments made through debit cards and do away with levies on small transactions through mobile phones and Internet from January 1 to March 31.
We are seeing growth of credit, debit cards: Bankbazaar.com
Wed, Dec 14, 2016
Due to postpone in purchases in automobile and realty sector, there has been a slowdown in home loan and car loans.
Rs 2000 service tax waiver: Here's the average that Indians spend on card transactions
Thu, Dec 08, 2016
The Government is now considering waiving off service tax on debit and credit card transactions up to Rs 2000.
Government wants Aadhaar-enabled payment to replace debit, credit cards
Fri, Dec 02, 2016
The Unique Identification Authority of India has planned to increase biometric authentication capacity through Aadhaar to 40 crore a day from 10 crore to encourage more use of the platform for realising a cashless society.