Read the Latest News On Business, Politics, Sports, Entertainment Much More From India And Around The World At The Trending News Time

Sunday, November 4, 2018

India to have 1 billion debit cards soon

Five years ago, ATM transactions formed 90% of debit card usage in volume and 95% in value. Today, PoS (point-of-sale) and e-commerce form 31% of total transactions, and 15% of the value of transactions. The govt's decision to waive MDR (merchant discount rate) charges for debit card purchases below Rs 2,000 has encouraged debit card usage in shopping.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2D09x5v
Share:

Related Posts:

0 comments:

Post a Comment

Recent Posts