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Protection of consumer’s interests in digital mode of payment

News and Press Release - Dated:- 7-2-2017 - Instructions have been issued on Merchant Discount Rate (MDR) Structure on June 28, 2012 capping the MDR @ 0.75% for payment made through debit cards upto ₹ 2000/- and @ not exceeding 1 % for transact .....

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/- MDR shall be capped at 0.25% of the transaction value. ii. For transactions above ₹ 1000/- and upto ₹ 2000/-, MDR shall be capped at 0.5% of the transaction value. Reserve Bank of India has been continuously striving to promote electro .....

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es. i. Securing Card Present Transactions ii. Securing Card not Present Transactions/On line card not present transactions. iii. Securing Payments through Internet banking /Electronic Payments-RBI has required banks to introduce additional measures t .....

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