Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Online Payments

India shores up cashless payment methods

Tuesday 14 February 2017 | 09:20 AM CET

The Indian government is expected to halt duties to bolster cashless payment methods, whilst cutting taxes on specific payment terminal components in a bid to boost domestic manufacturing of the devices.

The market in e-payments got a boost in November 2016 when high-denomination currency notes were withdrawn from circulation, reports.

The government is also proposing to strengthen the digital payment infrastructure in India as well as mandating all government receipts through digital mechanisms.

Print | Contact editor | Mail
© 2017 The Paypers
More: Abstract | Link