Friday, February 26, 2016

No service fee to be levied on card payments

No service fee to be levied on card payments

The Union Cabinet (UC) on Wed cleared a proposal to withdraw surcharges, service charges and convenience fees on cards and digital payments. this could be instrumental in reducing money transactions and minimization, the govt aforementioned. the govt also will rationalize the businessperson discount rate - the fee charged by a bank for providing debit and master-card services.

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