Debit Card Payments

UPI constitutes 10% of all retail payments in India in 2021. The Unified Payments Interface (UPI) performance in the country has been on a spiralling roll. Introduced only in 2016, the instant real-time payment system has climbed up…

RBI Allows Recurring Card Payments Upto Rs 2000 Without PIN The Reserve Bank of India has given the go ahead for the e-mandate system on debit, credit or other prepaid cards for recurring payments,and this is official from September 1,…

UPI, also known as the “Wallet Killer”, has been a game changer for the Indian payment space by revolutionizing the way people think about money today. With the growing popularity of digital payments, people are changing the way…

Card payments coming soon on Google Pay Digital Payments in India have witnessed a tremendous change since the government announced the surprise demonetization in 2016. With more and more companies joining the list of digital payment…

While India is approaching more flexible methods for online payments to counter the challenges faced after demonetization, NITI Aayog CEO Amitabh Kant has said that digital transactions will be done via mobile wallets and biometric…

When the ban on currency notes was announced in India, the Government of India decided to promote a digital economy through the usage of debit and credit cards, e-wallets or online banking. However, now that remonetization has started,…

When it comes to the security of financial data and privacy, it seems that India has hit a new low. While Govt. of India has admitted that close to 30 lakh debit cards were infected by malware, which threatened financial privacy and…

In a major development which can set a standard for cashless transactions in India, oil marketing companies have agreed to bear and absorb MDR or Merchant Discount Rate fees applicable on cashless transactions at petrol pumps.…

There has been a growing demand from business community and consumers to bring down the additional expenses related to cashless transactions. Right now, there is an additional surcharge, called MDR or Merchant Discount Rate of 0.75% if…

On the night of November 8th, when PM Modi announced demonetization and called for a national push towards a cashless economy, he also announced two very beneficial steps, which helped the citizens at large: No ATM fees on using ATMs…