{"id":243467,"date":"2021-12-15T13:03:48","date_gmt":"2021-12-15T13:03:48","guid":{"rendered":"http:\/\/151.106.38.4\/2021\/12\/15\/government-to-promote-digital-payments-invests-rs-1-300-cr\/"},"modified":"2021-12-15T13:03:48","modified_gmt":"2021-12-15T13:03:48","slug":"government-to-promote-digital-payments-invests-rs-1-300-cr","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2021\/12\/15\/government-to-promote-digital-payments-invests-rs-1-300-cr\/","title":{"rendered":"Government to promote digital payments; invests Rs 1,300-cr"},"content":{"rendered":"<p><img src=\/old_site\/http:\/\/new.nagalandpost.com\/cms\/gall_content\/no_images_650x.jpg><\/p>\n<p>The Union Cabinet on Wednesday approved a Rs 1,300-crore incentive scheme to promote digital transactions using UPI and Rupay debit cards, Electronics and IT Minister Ashwini Vaishnaw said.<\/p>\n<p>The minister said that the government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of the merchant discount rate (MDR).<\/p>\n<p>&ldquo;In the coming one year&#8230;the government will invest around Rs 1,300 crore so that more and more people move towards digital payments,&rdquo; Vaishnaw said.&nbsp;<\/p>\n<p>He also said that 423 crore digital transactions valued at Rs 7.56 lakh crore took place in November.<\/p>\n<p>The approved scheme will cover reimbursement on digital transactions of up to Rs 2,000, using Rupay debit cards and BHIM-UPI.<\/p>\n<p>&ldquo;Under the scheme, the acquiring banks will be incentivised by the Government, by way of paying a percentage of the value of transactions (P2M) done through RuPay Debit cards and low-value BHIM-UPI modes of payments, at an estimated financial outlay of Rs 1,300 crore for a period of one-year w.e.f. April 01, 2021,&rdquo; an official statement said.<\/p>\n<p>This scheme will facilitate acquiring banks in building a robust digital payment ecosystem and promoting Rupay debit card and BHIM-UPI digital transactions across all sectors and segments of the population and further deepening digital payments in the country, it added.<\/p>\n<p>The scheme was formulated in compliance with the Budget announcements (FY2021-22) by the government to give a further boost to digital transactions in the country.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government to promote digital payments; invests Rs 1,300-cr<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-243467","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/243467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=243467"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/243467\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=243467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=243467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=243467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}