RuPay Debit Cards & UPI Payments mandatory if turnover exceeds INR 50 crores
Gazette notification, mandating companies with an annual turnover exceeding INR 50 crore to offer digital payments to its customers. The ministry has prescribed RuPay debit card, UPI, and UPI QR code as mandatory modes of payment for digital transactions, and will be levying a penalty of INR 5,000 per day for businesses that do not comply.
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