Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards
PYMNTS
JANUARY 2, 2020
5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000
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