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ATMs, Credit, debit cards set to disappear: Niti Aayog CEO

ATMs, Credit, debit cards set to disappear: Niti Aayog CEO

With India embracing applications of technologies at an accelerated pace, digital transactions will be done through mobile wallets and biometric modes and credit and debit cards as also ATMs were set to disappear, Niti Aayog CEO Amitabh Kant has said.

Digital transaction to touch Rs 4 cr/day this year: Ravi Shankar Prasad

Digital transaction is growing and is expected to increase by 33 percent to Rs 4 crore per day this year, IT Minister Ravi Shankar Prasad on Wednesday said.

Debit card payments: RBI proposes to drastically cut MDR charges

Debit card payments: RBI proposes to drastically cut MDR charges

The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.

 

Debit card breach: Hitachi owns-up, says it 'regrets' the inconvenience caused

Debit card breach: Hitachi owns-up, says it 'regrets' the inconvenience caused

The National Payments Corporation of India (NPCI) had said over 600 customers had reported losses of at least Rs 1.3 crore due to the breach.

Petrol pumps defer decision to not accept card payments till January 13

Petrol pumps defer decision to not accept card payments till January 13

Petrol pump owners on Sunday night deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge.

 

Petrol pumps to not accept credit/debit card payments across India from Monday

Petrol pumps to not accept credit/debit card payments across India from Monday

With banks deciding to imposed transaction (MDR) charges on them instead of consumers, petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday.

Digital transactions: Follow this six golden rules to be safe!

Digital transactions: Follow this six golden rules to be safe!

Following the demonetisation move by Prime Minister Narendra Modi, the government has pushed for and encouraged e-payments or digital transactions to fight against black money and corruption.

Be careful before you swipe your credit/debit cards – Here is why!

Be careful before you swipe your credit/debit cards – Here is why!

While there is no denying that the government is making all efforts to fight black money and corruption through demonetisation and make India a cashless economy, one must also accept the fact that the move has been misused by many.

Demonetisation: Key benefits of using debit cards

Demonetisation: Key benefits of using debit cards

Debit Card makes your payments much more convenient and secure through an   electronic payment facility directly from your bank account.

Demonetisation: Govt removes excise duty on POS machines

Government on Monday removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compelled to use them in the wake of currency crisis.

Big Bazar started the facility of cash by card swipe

Big Bazar started the facility of cash by card swipe. Watch this special segment and get to know more here.

MobiKwik announces MobiKwik Card to replace debit, credit cards

Mobile wallet major, MobiKwik, today announced that its users will be able to use MobiKwik for payments across all online and offline retailers and shops, where credit and debit cards are accepted by January 2017.

Task force set up to oversee expansion of POS machines: Arun Jaitley

Task force set up to oversee expansion of POS machines: Arun Jaitley

The government has set up a task force to oversee the expansion of point of sale (POS) machines to facilitate further expansion of the cashless economy in India, Union Finance Minister Arun Jaitley said on Thursday.

Note Ban: From today, you can withdraw upto Rs 2,000 from all Big Bazaar stores

Note Ban: From today, you can withdraw upto Rs 2,000 from all Big Bazaar stores

The facility is now available at 258 Big Bazaar and FBB stores in over 115 cities and towns across the country.

Demonetisation: Here's how transaction charge waiver on debit cards will benefit you

Demonetisation: Here's how transaction charge waiver on debit cards will benefit you

Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and  to encourage widespread usage of digital payments post demonetisation.

Banks waive MDR for all debit cards till December 31

Banks waive MDR for all debit cards till December 31

Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.

No tax on debit cards to be charged till 31 December 2016

No tax on debit cards to be charged till 31 December 2016. Watch the full segment for more details.

Demonetisation: No charge on use of debit cards; farmers to get easier cash access

Demonetisation: No charge on use of debit cards; farmers to get easier cash access

The government announced more steps to help farmers to meet their cash needs during the ongoing rabi season and directed banks to waive debit card transaction charges to encourage digital payment.

Now, withdraw cash up to Rs 2,000 from 258 Big Bazaar, FBB stores through debit card

Now, withdraw cash up to Rs 2,000 from 258 Big Bazaar, FBB stores through debit card

In a major relief for cash crunch India, individuals will now be able to withdraw cash up to Rs 2,000 from Big Bazaar, FBB by using debit cards.

700 petrol pumps start dispensing cash against debit card swipe

700 petrol pumps start dispensing cash against debit card swipe

Nearly 700 petrol pumps across the country Friday started dispensing cash through debit card swipe in a bid to ease the cash crunch in the economy following the government's decision to withdraw 1,000 and 500 rupee notes.