Latest News on Debit Cards
Showing of 0 - 10 from 34 results
Debit Cards - Total results - 34
Apr 19, 2018
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactionsThe steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.
Feb 13, 2018
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrenciesReserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
Feb 08, 2018
Digital transactions at 1.11 bn in January: Govt's 25 bn target for this fiscal doubtful as citizens return to habit of cashArray
Dec 14, 2017
Govt to discuss MDR rate issue with RBI, says finance ministry officialThe government will hold deliberations with the Reserve Bank of India (RBI) to work out a mechanism for bringing down merchant discount rates (MDR) which have increased from 0.25 percent of transaction value to 0.90 percent recently, a finance ministry official said.
Dec 07, 2017
Govt ropes in ICICI Bank to enable cashless payments on e-NAM; to end traditional transaction modes for trading at mandisICICI Bank will enable BHIM and Unified Payments Interface on the e-NAM portal for making cashless payments
Dec 06, 2017
RBI changes MDR for debit card payments, widens ambit to include small merchants; here are new ratesRBI has tweaked the fee levels to widen the network of merchant establishments which will accept the card payments and also to incentivise banks to invest more into cash-less or less-cash payment systems
Jul 16, 2017
Govt officials: Post demonetisation, card transactions rose by only 7 percent, UPI saw highest jumpTransactions through debit and credit cards rose by merely seven percent post demonetisation, as against a surge of over 23 percent in overall digital transactions.
Jul 13, 2017
Digital transactions volume 'leapfrogged' by 3 years post-demonetisation, says SBI reportIncreasing number of PoS terminals and ease of doing digital transaction will increase this level further, SBI report said
Apr 03, 2017
Niti Aayog CEO Amitabh Kant thinks that mobile wallets may replace credit and debit cards in few yearsMobile wallets and biometric modes of payments will replace debit and credit cards in the next three to four years, NITI Aayog CEO Amitabh Kant said today.
Feb 20, 2017
E-payments, digitisation: Why is the govt muddying the waters once again?Keeping multiple slabs will compel small businesses to open two separate shops showing turnovers of under Rs.20 lakh per annum.