Cashless Transactions

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..... Cashless Transactions
News and Press Release
Dated:- 6-2-2017

The Government is trying to promote cashless transactions as far as practically possible. Digital payments give fillip to f .....

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..... inancial inclusion. It also enables digital trail of financial transactions leading to better tax compliance and reduces cost maintaining cash. Increased digital transactions will also enable small an .....

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..... d micro enterprises to access formal credit. A commercial establishment/industry registered as Merchant is expected to pay to the Acquiring Bank an amount out of their collections based on Merchant D .....

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..... iscount Rate (MDR) which shall not be more than 1 % in case of debit cards. This information was given by the Commerce and Industry Minister Smt. NirmalaSitharaman in a written reply in Lok Sabha tod .....

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..... ay.
News - Press release - PIB .....

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