Supreme Court: Marking a Document as an Exhibit Does Not Prove its Contents || Supreme Court: Unpaid Consideration Alone Does Not Invalidate a Sale Deed || Bombay HC: Questioning Other Varsities' Degrees Could Cause 'Anarchy and Chaos' in Education System || Allahabad High Court: Regularization Claim Survives Employee’s Death Through Legal Heirs || Allahabad HC: Advocates Failing AIBE Within 2 Years of Provisional Enrolment Can’t Continue Practice || Bombay High Court Directs BCI to Scrutinise and Clear Pending Law College Affiliation Approvals || J&K HC: Circulating WhatsApp Message on Local COVID Cases Does Not Attract Section 505 IPC || Supreme Court: Non-Signatory Can Be Bound By an Agreement if Involved in Performing the Contract || Supreme Court: 'Washed-Off Theory' Inapplicable in Assessing Employee Retention Suitability || SC Directs States/UTs to Grant Ex-Servicemen Quota to Cadets Disabled 40% or More in Training

RBI seeks feedback on concept paper on Card Acceptance Infrastructure- (Reserve Bank of India) (08 Mar 2016)

MANU/RPRL/0080/2016

Banking

The Reserve Bank of India is inviting comments on its Concept Paper on Card Acceptance Infrastructure till 15 April 2016. The Paper proposes structured policy intervention to promote electronic payments by individual and institutional users, filling in the gap left by market forces. Accepting the growth of “less-cash” electronic payments over the years, the Bank proffers a multi-pronged strategy to address acceptance of card payments, safety and security and rationalisation of merchant fees for card transactions.

Tags : ELECTRONIC PAYMENTS CARDS CASHLESS INFRASTRUCTURE

Share :