Incentivise businesses to adopt digital payment systems, says DIPP at a function

The DIPP on Friday called traders body CAIT to engage meaningfully and incentivise businesses to adopt digital payment systems.

Speaking at a function organised by CAIT, DIPP (Department of Industrial Policy and Promotion) Secretary Ramesh Abhishek said the government has been on the forefront of enabling a ‘less-cash’ economy.

“The move to incentivise cashless transactions and drive acceptance through installation of point of sale machines, low cost acceptance infrastructure, and rationalisation of merchant discount rate will enable the movement further,” CAIT said in a statement quoting Abhishek.

Confederation of All Traders (CAIT) Secretary General Praveen Khandelwal said that traders are committed to work with each and every constituent of its fraternity in navigating through the transition to ‘less-cash’ India.