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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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Debit card PoS swipes rise 27% as per RBI data

Saturday, May 18, 2019, 10:08 AM

Indians are increasingly using their debit cards to pay merchants directly. As per data from the Reserve Bank of India, debit card swipes on Point of Sales (PoS) terminals jumped more than 27% in March 2019 compared to corresponding period last year. In contrast, ATM withdrawals grew at a slower pace of 15%.

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