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Latest News on Payments Council Of India
Showing of 0 - 10 from 6 results
Payments Council Of India - Total results - 6
Aug 20, 2019
Digital payments: Visa blasts govt move to remove MDR; says banks, other stakeholders incur costs on infrastructureMDR is a commission of up to 2% paid by a merchant establishment to banks which put up the POS machines
Jul 09, 2019
Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industryAbolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday
Feb 27, 2019
With Aadhaar out-of-bounds, payments industry wants RBI to allow them to use facial-recognition tech for KYCFacing difficulties after the Supreme Court ordered that Aadhaar cannot be made mandatory for financial/banking transactions, the payments industry wants the Reserve Bank to allow facial recognition-based software to meet the know-your-customer norms
Jul 24, 2018
US payment firms and Paytm tussle while lobbying for data storage rules: ReportIn the crowded digital payments market, there is a fierce competition between companies.
Oct 24, 2017
Online transactions on the rise, but cash is still kingThe adoption rate of online platforms was high during the demonetisation period, but it plateaued out as soon as cash became available in the system.
Feb 01, 2017
Union Budget 2017: Payments industry hails sops, cap on cash withdrawalsFinance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.