Other Measures
Reductions in fees (Merchant Discount Rate) paid on digital transactions and transactions that use the UPI.
There have also been relaxations of limits on the use of payment wallets.
Tax benefits have also been provided for to incentivize digital transactions.
Encouraging the adoption of POS devices beyond the current 1.5 million, through tariff reductions.
Related Content
1
CMs Committee on Digital Payments
2
Cashless Options
3
Other Measures
4
Steps Taken for Facilitating Digital Transactions
5
Digitization: Pros & Cons
6
Challenges to Cashless Economy
7
India’s Transition Towards Cashless Economy
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