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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
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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...

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