Friday, March 29

Tag: Merchant

Indian Government Will Bear Merchant Charges On Debit Cards To Promote Digital Transactions
INDIA

Indian Government Will Bear Merchant Charges On Debit Cards To Promote Digital Transactions

Indian government is trying to encourage small shopkeepers to accept electronic payments, by bearing the merchant charges, that one needs to pay to the banks, on purchases of up to Rs 2,000 starting January 1, 2018. The subsidy will be provided to the small shop owners who now need to pay a fees to the banks for transactions through Debit cards, BHIM or Aadhaar. In India, where the average debit transaction value is just Rs 1,500, accepting debit cards for payments will become as cheap as accepting cards for small merchants. This news was announced by IT minister Ravi Shankar Prasad, saying that government is implementing measures to accelerate digital payments in the country. Also a committee of secretaries has been set-up to ensure that no misuse of subsidy occurs and that benefits...
Paytm Introduces Nearby, a Seamless Way to Find Your Nearest Paytm Merchant
News

Paytm Introduces Nearby, a Seamless Way to Find Your Nearest Paytm Merchant

As part of its ongoing mission of helping India go cashless, Paytm, India’s largest mobile payments and commerce platform, today introduced the ‘Nearby’ feature on its platform. This will enable Paytm customers to get information about their nearest Paytm merchant. Paytm ‘Nearby’ will carry a directory of 800,000 of offline merchants and partners across India. In the first phase, this list is 200,000+ & will continue to grow everyday. Customers on their Paytm app or web can now browse through a list of shops & locations near them that offer services like accepting adding cash to e-wallet & upgrading accounts by doing KYC. This not only provides convenience to customers but also provides visibility to thousands of small and medium merchants by connecting them to millions of ...