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 ...

State run lenders gatecrash elite banks club
State run lenders gatecrash elite banks club

November 25, 2022

PhonePe in talks to buy ZestMoney
PhonePe in talks to buy ZestMoney

November 25, 2022

ICICI Prudential Mutual fund launches nifty pharma index fund
ICICI Prudential Mutual fund launches nifty pharma index fund

November 25, 2022

Chat on WhatsApp