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Rs 1,500 cr digital payments fund to increase penetration: Industry
By IANS |
Published on
Mon, Feb 1 2021 17:48 IST |
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. Online payment. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 1 : Although it is not clear how the Rs 1,500 crore fund proposed in the Budget to boost digital mode of payments will be spent, industry stakeholders have said that the move will spur innovation and help increase penetration of digital payments in the country. To give a further boost to digital transactions, I earmark Rs 1,500 crore for a proposed scheme that will provide financial incentive to promote digital mode of payment, Union Finance Minister Nirmala Sitharaman said during her Budget presentation on Monday.