Payments Infrastructure Development Fund Scheme
Recently, the Reserve Bank of India (RBI) extended the Payments Infrastructure Development Fund (PIDF) scheme till December 31, 2025.
About PIDF Scheme
- The Scheme was operationalized by the RBI in 2021 for three years (extendable up to 2 years) to encourage deployment of payment acceptance infrastructure in India.
- It includes physical Point of Sale (PoS) terminals, Quick Response (QR) codes, in tier-3 to tier-6 centers, North Eastern states and Union Territories (UTs) of Jammu & Kashmir and Ladakh.
- Purpose: To strengthen the payment acceptance infra by including 30 lakh touch points which includes 10 lakh physical and 20 lakh digital payment devices ....
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