Root Causes for Digital Payment Issues
Below are some of the key issues listed by you in regards to Digital Payments. Kindly review and help identify key root causes for these issues.
We will then have a separate discussion on solutions to address these issues and causes.
We look forward to your inputs!
Issues with Digital Payments
1. Many vendors still don’t accept payments through debit/credit cards or wallets
2. Debit/credit card transaction charges are quite high and same as pre-demonetisation
3. Shopkeepers put a minimum limit for accepting credit card payment without surcharge
4. Some consumers prefer paying cash since swiping a card would mean paying taxes on top of the product cost
5. Many online vendors including IRCTC, hotel booking, airline bookings, etc., are all charges convenience fee which is significant in amount
6. When a transaction is processed but failed to execute fully the money gets blocked up for a week. People with limited budgets have problems so they never venture into digital payments
7. Banks charge an annual fee on debit cards due to which some people do not opt for it
8. The awareness about digital payments in rural India is very poor
9. Senior citizens are not able to take it up because of lack of knowledge and application
10. Most of the hospitals charge 2% extra if the bill is paid by a debit or credit card
11. Cases of hacking of internet banking accounts and credit cards is pretty common. more
We will then have a separate discussion on solutions to address these issues and causes.
We look forward to your inputs!
Issues with Digital Payments
1. Many vendors still don’t accept payments through debit/credit cards or wallets
2. Debit/credit card transaction charges are quite high and same as pre-demonetisation
3. Shopkeepers put a minimum limit for accepting credit card payment without surcharge
4. Some consumers prefer paying cash since swiping a card would mean paying taxes on top of the product cost
5. Many online vendors including IRCTC, hotel booking, airline bookings, etc., are all charges convenience fee which is significant in amount
6. When a transaction is processed but failed to execute fully the money gets blocked up for a week. People with limited budgets have problems so they never venture into digital payments
7. Banks charge an annual fee on debit cards due to which some people do not opt for it
8. The awareness about digital payments in rural India is very poor
9. Senior citizens are not able to take it up because of lack of knowledge and application
10. Most of the hospitals charge 2% extra if the bill is paid by a debit or credit card
11. Cases of hacking of internet banking accounts and credit cards is pretty common. more
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Oct 31
Real face of Corruption which is base to every crime and Corruption:- http://ecowis.blogspot.in/ Full details. Follow Blog and Comment share all among us. more
May 16
This government is a business and its here to earn the maximum as we the people voted it to power. Rightfully, there should be no charges for any type of online payments because government is aware of it. No cash changed hands. No black money movement. Every transaction above board, so why the charges?? Mr Modiji, you have talked the people of India into doom/self destruction. You promised transparency whereas the government cannot answer with conviction the true amount collected in the form of black money/un-declared wealth?? Why this double talk like the UPA?? more
May 14
Digital India a good scheme but utter failure, main reason I blame the central government itself. Initially they waived Bank charges but after one or two months, the bank charged 2% for these transactions Government wanted cashless transactions and corruption but what happened. Government should ban all cash transaction and should accepts only cheques, Demand drafts or ATM card swipping and give them concessions like tax saving by withdrawing service tax. more
May 13
YESTERDAY I CAME TO AN ESTABLISHED COACHING CENTRE FOR REMITTANCE OF TUTION FEE THEY DEMANDED CASH OR IF THROUGH POS RS561 EXTRA AS BANK CHARGES. SINCE THE ATMSARE EMPTY I PAID EXTRA 561 AS BANK CHARGES FOR USING POS. HOW THE BANKS ARE DISCOURAGING POS ???????? On Tue, May 2, 2017 at 11:39 AM, Kishore Kumar wrote: > more
May 12
