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CAIT writes to finance minister, alleges banks colluding with e-commerce companies

Updated : November 30, 2020 01:42 PM IST

Banks are discriminating against small-time shops and traders by providing up to ten percent cashback and other incentives to those purchasing goods through the online portals of e-commerce companies using the bank cards.
Earlier, CAIT had written to the prime minister asking for the setting up of an empowered regulatory authority to regulate and monitor the e-commerce business in India.
These banks don’t provide the same benefit to shoppers who use online mode of payment while buying directly from traders.
CAIT writes to finance minister, alleges banks colluding with e-commerce companies

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