MERCHANT DISCOUNT RATE
RBI plans cap on MDR and new infra to push debit card transactions
RBI data shows that volume of card payments at PoS terminals has grown over 100% since 2012 and value of such payments have risen by 65.5%.
GST Council meet on Friday, may announce new measures to boost digital payments, cut tax rates
Apart from giving another push to digital paym...
Debit card use can be popularised by cutting MDR: Study
Use of debit cards can be popularised in the country if RBI accepts a proposal that banks cut fees for debit card payments by bringing down merchant discount rate.
Discount and deal sites helping e-commerce boom in India
E-commerce entities such as Amazon have started to realise the importance of these deal sites and the impact they can have on business.
Discount on card-payment acceptance postponed to September 1: RBI
The Reserve Bank today said reduction in merchant discount rate (MDR) for purchases made by debit card payment to 0.75-1 per cent.
No double taxation on credit card payments: Government
Bankers said that in the financial sector the only impact of the imposition of GST was three percentage point increase in tax.
Cash for gold makes way for e-payments
Consumer trade is seeing a surge in digital deals up to Rs 2 lakh as well
RBI hopes banks will pass on rate cut benefit
Reserve Bank Deputy Governor H R Khan today expressed hope that banks would pass on the entire benefit of the cut in the key interest rate.
View: Abolishing MDR charges is not a great idea
To do away with MDR altogether is to cut the purse-strings which fund both existing activities and the impetus for future innovation.
American film director James Ivory files FIR against Bollywood producer Wahid Chowhan over Ismail Merchant's wealth
James Francis Ivory has accused Wahid Chowhan of illegally taking control of assets owned by his late partner Ismail Merchant.
Budget 2019: MDR scrapping to boost digital payments
Rs 5,000 penalty per day for big merchants who do not offer UPI, QR-based options to consumers
Shell out MDR charges on Paytm transactions from today
The new levies will be applicable for paying bills or school fees and buying tickets.
New targets, ratings for 14 frontline stocks post Q2 numbers
Different brokerages have come out with their revised recommendations on a number of stocks following their Sept quarter numbers.
Rates will come down further: HDFC Bank MD Aditya Puri
App has marketplace offering bigger discounts than e-tailers: HDFC Bank MD Aditya Puri
Power stocks poised to perform better: Deven Choksey, KR Choksey Securities
Many of the standalone power-generating companies are still available at a fairly discounted valuation, says Deven Choksey.
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