Five years ago, ATM transactions formed 90% of debit card usage in volume and 95% in value. Today, PoS (point-of-sale) and e-commerce form 31% of total transactions, and 15% of the value of transactions. The govt's decision to waive MDR (merchant discount rate) charges for debit card purchases below Rs 2,000 has encouraged debit card usage in shopping.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2D09x5v
