Edition: India  
 
> >

Petrol pump owners to accept card payments till January 13

BGR India Monday, 9 January 2017
Petrol pump owners tonight deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge. To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetization for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners. This meant petrol pumps having to bear 1 percent on all credit card transactions and between 0.25 percent and 1 percent on all debit card transactions from January 9. In protest of the move, petrol pump operators had decided not to accept card payments from tomorrow. “We have
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: News unlimited - < > Embed

News video: Petrol pumps to accept all cards, assures Dharmendra Pradhan

Petrol pumps to accept all cards, assures Dharmendra Pradhan 02:46

New Delhi Jan 09 (ANI): Union Minister of State (Independent Charge) for Petroleum and Natural Gas Dharmendra Pradhan on Monday asserted that all cards will be accepted at petrol pumps for making transactions and people need not panic. He added that banks and oil firms are in discussion to decide on...

You Might Like


Other recent news in Technology

TWITTER plans to broadcast live video 24 hours a dayHaryana government to use FACEBOOK, Twitter to address public grievances
Smartphone camera shootout: Galaxy S8 vs. IPHONE 7, Google Pixel, and LG G6NASA has doomed its $3.26 billion Saturn probe — here's what CASSINI may discover on its death spiral
State of the Art: Why INSTAGRAM Is Becoming Facebook’s Next FacebookThe amazing life of the bungee-jump inventor who's now building an airship for Google co-founder SERGEY BRIN
GOOGLE MAPS Can Now Remember Where You Parked Your CarARTIFICIAL WOMB Could Save Babies and Usher in the Matrix
AMAZON ECHO Look is a voice-controlled camera for fashion tipsMorning News Brief: Trump's Tax Plan, North Korea, Killings On FACEBOOK LIVE

Twitter

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2017 newsR / One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter