Debit Card Payment

industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through

A tokenised card transaction is considered safer as the actual details of the card will not be shared with the merchant during transaction processing

They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans

MPAI and ADIF have in their letter highlighted several operational challenges that will hinder the transition to the token-based payments ecosystem

People are choosing not to get cash to shop but actually using their debit cards to shop now, he said

Many banks, merchants not fully compliant yet despite extension of deadline

If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c

Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.

The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates

With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone

India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan

With social distancing becoming the new norm, there is a behavioural shift across all consumer categories

Retail payments fall 45%, card usage slips 57%

Facilities can be activated only when the customer specifically requests for it

Some banks have also extended free-of-charge withdrawals from ATMs till March 31