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RuPay clocks 1 billion transactions, surpasses debit cards in usage

Thursday, August 1, 2019, 11:03 AM

RuPay card transactions grew faster than overall debit card use over the past three years, indicating wider and faster adoption of the domestic card payment system. RuPay reported 1 billion transactions through both online and offline merchant payment modes in financial year 2019, a nearly 70% jump compared to the 667 million transactions in financial year 2018, according to the source.
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Shell out fee on Paytm transactions from today

Monday, July 1, 2019, 10:48 AM

Starting today, using Paytm will get a little dearer. It will start passing on the MDR that banks and card companies charge for digital transactions to consumer, said the source. The charge amounts to 1% on payments through credit cards, 0.9% for debit cards and up to Rs.12-15 for transactions by net banking and the UPI, said the source.
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Debit cards show up more at retail stores

Tuesday, June 25, 2019, 6:39 PM

Bank customers are increasingly getting comfortable making payments through debit cards on swipe machines at kirana stores and local retail outlets. Latest data from the RBI show that over a third of all debit card transactions were made at point of sale (PoS) terminals in April this year for the first time since demonetisation.

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