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Tags archives: debit-cards

Petrol pumps threaten to stop accepting cards from Monday to protest banks' transaction fee

A sudden move by banks to levy a 1% transaction fee on card payments at petrol pumps has taken the oil ministry by surprise and prompted dealers to say they will stop accepting plastic money from midnight, which could cause inconvenience to consumers in times of cash shortage and affect the government’s move to encourage cashless transactions. In Delhi, ministry officials said they were unaware of the move by the […]