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ISSUE 50
09 / 07 / 2019
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Incentives for businesses embracing digital payments

Incentives for businesses embracing digital payments
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Budget 2019: Merchant Discount Rate would be scrapped to encourage businesses to accept digital payments. There is also a proposal of a Rs 5,000 penalty per day for big merchants who do not offer UPI, QR-based options. India is set to become an innovation hub for digital payments within the next five years.

 

https://economictimes.indiatimes.com/industry/banking/finance/banking/budget-2019-govt-announces-more-incentives-for-businesses-embracing-digital-payments/articleshow/70089921.cms

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