SBI, NPCI seek ‘Visa power’ for RuPay cards
Zero MDR would disincentivise banks to issue RuPay cards and they would prefer its rivals, SBI has said.
No MDR on RuPay,UPI payments will kill industry, warns industry
The move will apply to all companies with a turnover of Rs 50 crore or more. ...
RuPay International to offer cashback up to Rs 16,000 for transactions abroad
Indians travelling to the UAE, Singapore, Sri Lanka, the UK, th...
Digital payment gains should be used to acquire merchants, says Nirmala Sitharaman
The prebudget meeting on Friday was necessitated after the government waived off MDR for merchants on digital payments made through RuPay debit cards and Unified Payments Interface (UPI) devices from January 2020.
No MDR charges applicable on payment via RuPay, UPI from Jan 1: Sitharaman
To promote digital payments, FM said no MDR charges will be applicable on these transactions from Jan 1.
MDR fee waiver: Jan Dhan's mascot gets a jolt
Digital payments have grown by leaps and bounds since PM Modi embarked on a drive for financial inclusion.
Snapdeal partners with RuPay for festive discounts
Snapdeal also said upcoming metros as well as tier II and tier III cities are some of its biggest markets.
PM Modi launches RuPay card in UAE
The India-UAE bilateral trade touched almost USD 60 billion in 2018 with a fairly balanced profile of about USD 30 billion of exports and USD 30 billion of imports.
Hefty fine for shops and firms not accepting digital payments from February 2020
Shops, firms with an annual turnover of Rs 50 cr or more need to provide digital payment facilities.
Stakeholders believe, MDR waiver may hurt digital India
Finance Minister Nirmala Sitharaman on Saturday said that the zero MDR regime would kick in once the Department of Revenue issued a gazette notification on January 1. Top industry players say Centre’s decision on not levying merchant discount rates will make the business model unviable.
UAE to be first middle east country to launch RuPay Card
Prime Minister Modi's third official visit to the UAE on August 23-24 is another important milestone in the bilateral comprehensive strategic partnership, the Indian envoy said.
Finance minister, PSB heads to talk ways to prop up economy today
Finance minister Nirmala Sitharaman will review implementation of the budget announcement on the absorption of merchant discount rate charges by banks and the overdraft facility to PM Jan Dhan Yojana account holders through RuPay debit cards.
Narendra Modi cements Bhutan ties with RuPay launch
The two countries signed 10 memoranda of understanding in space research, aviation, IT, power and education.
PM Modi in Bhutan: RuPay card launched, 9 MOUs exchanged
Indian Prime Minister Narendra Modi, who is in Bhutan for a state visit, saw exchange of nine education and science-related MoUs between the...
RuPay clocks 1 billion transactions, surpasses debit cards in usage
RuPay transactions had risen 135% in fiscal year 2018, compared to the previous year.
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