New Delhi: In a move that may boost digital payments, businesses with an annual turnover of more than ₹50 crore will have to mandatorily offer electronic mode of payments to their customers from 1 November, the finance ministry said on Friday. Besides, no charges or merchant discount rate (MDR) — charge that payment systems and banks impose on commercial transactions– will be Read More

HIGHLIGHTS Wristwatches launched by LAKS will let you make payments at the gates These watches, called Watch2Pay, are available through an e-commerce site The SIM-equipped watch can be recharged like a metro smart-card Delhi Metro commuters will now be able to wear their smart cards on wrists as DMRC has allowed the use of wristwatches launched by Austrian company LAKS Read More