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Total 89 results found. Search for [ merchant Discount Rate ]

Results 1 to 21 of 89
Anand Adhikari
New Delhi, June 9, 2021
From disrupters to partners, the Fintech-bank relationship has come a long way. What is the next level of this partnership?


Srinath Sridharan | Shashidhar KJ
April 16, 2021
With the government unwilling to foot the bill on digital transactions and no viable business model for banks, there are no incentives for banks to maintain the UPI infrastructure


BusinessToday.In
December 1, 2020
Paytm will absorb Rs 600 crore in MDR (Merchant Discount Rate) charged annually by banks and other charges. It will then use this amount to support MSMEs amid the ongoing COVID-19 pandemic


Aprajita Sharma
November 13, 2020
Simpl, Lazypay, ZestMoney and FlexPay are some of the options that let you buy now and pay later


BusinessToday.In
October 20, 2020
India Stock Market Highlights Today: HCL Tech, followed by L&T, M&M, Tech Mahindra, Maruti, TCS, Asian Paints, Infosys and HDFC Bank were among the top gainers today. On the other hand, ONGC, Nestle India, SBI, ICICI Bank and IndusInd Bank were among the laggards


BusinessToday.In
August 30, 2020
The CBDT has also advised banks to not levy any extra charge on any future transactions carried out through electronic modes like RuPay cards or BHIM-UPI


BusinessToday.In
New Delhi, January 28, 2020
People making payments via electronic modes such as RuPay debit cad, BHIM-UPI, BHIM-UPI QR Code and UPI QR code will not need to pay any charge, including MDR fee


BusinessToday.In
New Delhi, December 31, 2019
Finance Minister Nirmala Sitharaman held a press conference at National Media Centre in Delhi today where she announced the launch of a National Infrastructure Pipeline Report. She said the country has a compilation of projects worth Rs 102 lakh crore and in next few months, it would reach the Rs 300 lakh crore target. This is the second presser by the FM in less than a week. During her last meet on Saturday, the FM made major announcements including waiving of MDR (merchant discount rate) on payment via RuPay and UPI platforms. According to the FM, the National Infrastructure Pipeline will enable a forward outlook on infrastructure projects. Watch the video for more details.


BusinessToday.In
New Delhi, December 31, 2019
Nirmala Sitharaman press conference: The FM said that Rs 102 lakh crore of infrastructure projects have been identified after 70 consultations in four months


PTI
New Delhi, December 31, 2019
Terming the decision with the right intention but a wrong policy, the PCI says the decision is going to impact the whole digital payment industry as well as investments.


BusinessToday.In
New Delhi, December 31, 2019
The government will charge a penalty of Rs 5,000 per day in case of failure to provide these platforms; the penalty will be applicable from February 1, 2020


BusinessToday.In
New Delhi, December 31, 2019
Finance Minister Nirmala Sitharaman will hold a press conference at National Media Centre in Delhi around 3 PM on Tuesday


BusinessToday.In
New Delhi, December 28, 2019
From January onwards, all companies with a turnover of Rs 50 crore or more need to provide the facility of payment through RuPay Debit card and UPI QR code to their customers, under which no MDR fee will be charged from customers as well as merchants


PTI
December 28, 2019
The Minister also said no MDR charges will be applicable on select modes of payment from January 1


PTI
September 25, 2019
The 0.75 % discount on the value of fuel purchases using credit/debit cards and e-wallets was introduced in December 2016 and had continued for more than two-and-a-half years, straining oil marketing companies


Naveen Kumar
September 13, 2019
High level of MDR - often around 2 per cent in the past - had been one of the primary reasons why various merchants resisted in offering this option to their customers


BusinessToday.In
New Delhi, August 20, 2019
ED arrests Kamal Nath's nephew Ratul Puri in Rs 354 crore bank fraud caseThe Enforcement Directorate (ED) has arrested Ratul Puri, MP Chief Minister Kamal Nath's nephew, in connection with a Rs 354 crore bank fraud case. The ED arrested Puri, the former executive director of Moser Baer, after the Central Bureau of Investigation (CBI) last week filed an FIR against him, his father and Moser Baer Managing Director Deepak Puri, Directors Nita Puri (Ratul's mother and Kamal Nath's sis...


Reuters
New Delhi, August 20, 2019
Last month, FM Sitharaman said that businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card


Archit Gupta
July 8, 2019
Union Budget 2019: With an aim to promote the usage of electric vehicles, a taxpayer will now get an additional tax deduction of Rs 1.5 lakh under section 80EEB on the interest he or she pays on a loan taken to purchase an electric vehicle, provided the loan must be sanctioned between 1st April 2019 to 31st March 2023 and the taxpayer does not own any other electric vehicle on the date of sanction of loan.


BusinessToday.In
New Delhi, July 7, 2019
Retail credit card companies, which make decent profit on business from large retailers, will now be affected as retailers will be inclined to provide other e-payment options to customers


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