Debit cards

Visa accused of stifling debit card market competition by penalising businesses for using alternative payment networks

Aims to promote use of plastic cards for tax payment to govt

Makes it mandatory for e-commerce players to accept payments through cards

Petroleum product prices have increased resulting in lower sales volumes and higher business costs

About 2.65 million are on Visa and MasterCard platforms, while 600,000 are on RuPay