Back to Career News

Digital Payments Committee Seeks Cheaper Payments for Improved Financial Inclusion

June 06, 2019

Digital Payments Committee Seeks Cheaper Payments for Improved Financial Inclusion

In a bid to improve the state of digital financial inclusion in India, the high-level committee that’s been delegated the responsibility of digital payments has made a case for reducing the costs of the same. Under the leadership of Infosys co-founder Nandan Nilekani, it’s suggested that tax compliance and digital acceptance can be improved by providing the businesses with tax incentives that are proportional to the digital payments furnished by them. It’s also suggested that the central bank RBI can set up an acceptance development fund which new merchants use in badly served areas.

Image Source

Recommended for you ...

Fintech Startup Pontera Secures $60 Million in Funding Led by ICONIQ Growth
Fintech Startup Pontera Secures $60 Million in Funding Led by ICONIQ Growth

December 08, 2023

Surge in Family Offices as India's Investment Landscape Evolves
Surge in Family Offices as India's Investment Landscape Evolves

December 08, 2023

Reserve Bank of India Maintains Status Quo on Repo Rate, Signals Stability and Growth
Reserve Bank of India Maintains Status Quo on Repo Rate, Signals Stability and Growth

December 08, 2023

Chat on WhatsApp