Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards
PYMNTS
JANUARY 2, 2020
The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The new regulation went into effect on Jan.
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