......There are two significant changes taken by the RBI to promote debit card usage. One is the reduction in the merchant discount rates in debit cards capped at 0.75 per cent and one per cent, depending on the transaction size. This reduces the merchants’ cost. The second is to make PIN a must for all debit card transactions. People who were traditionally spending in cash will start using debit cards............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment