Saturday, December 9th, 2017

 

New debit card charges may push retailers back to cash transactions

ALSO READ Regulator rationalises card transaction feeNew debit card charges may prompt retailers to push for cash transactionsRBI caps charges on debit card transactions at Rs 200 for small merchantsPay via debit card: Govt wants RBI to cap MDR on digital payments at Rs 200RBI to stay on status quo for the rest of 2017: Here’s what experts say Increased debit card fee may push retailers towards cash transactions as the charges are quite high, said retailers. The Reserve Bank of India has revised merchant discount rate (MDR) from January next year.  MDR will be 0.4Read More