RBI issues card payments tokenisation guidelines

Based on risk perception, card issuers may decide whether to allow cards issued by them to be registered by a token requestor.

Oil companies to end discount on digital payment at petrol pumps

The government started providing a discount of 0.75 per cent on fuel purchase through digital payment.

MDR is a charge levied on merchants by banks for accepting payments through credit and debit cards.

This comes a day after banks announced 1 per cent surcharge on debit/credit cards payments .

The Reserve Bank of India also said merchants can transfer up to 50,000 rupees per month.