digital payments Archives

adminMay 25, 2021

New Delhi : The digital payments market in India is set to become a trillion-dollar industry in the next five years, led by growth in mobile payments which are slated to rise to $190 billion by 2023 from $10 billion in 2017-18, the NITI Aayog said on Tuesday. This would present huge business opportunities for […]

adminMay 25, 2021

New Delhi : In a bid to encourage electronic payments, the central government will reimburse the Merchant Discount Rate (MDR) applicable on transactions up to Rs 2,000 for the next two years. According to the Minister of Electronics, IT and Law and Justice Ravi Shankar Prasad, the government will reimburse the MDR levied on transactions […]

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Tag: digital payments

Digital payments to be trillion-dollar market by 2023: NITI Aayog

Government to bear MDR on transactions up to Rs 2,000

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