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Published on 5/06/2020 6:21:44 PM | Source: Worldline

Perspective on RBI announcement on creation of Payments Infrastructure Development Fund by Mr. Deepak Chandnani, Worldline

Posted in Economy News| #RBI #Economy #Expert Views #Deepak Chandnani

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Below is the Views On Perspective on RBI announcement on creation of Payments Infrastructure Development Fund by Mr. Deepak Chandnani, Managing Director, Worldline South Asia and Middle East

“Today’s announcement by the RBI on the creation of a Payments Infrastructure Development Fund to encourage acquirers to develop POS infrastructure in tier 3-6 centres and NE states will provide a much needed boost to merchant acquiring in the country. Given the high cost of merchant acquisition and merchant terminalization, much of the POS terminals in the country are concentrated in tier 1 and 2 cities and towns and other regions have been left out. This move will make the economics more favourable and will significantly increase the merchant base accepting digital payments and in line with the vision of a digital India of blanketing the country with a digital payments acceptance infrastructure.”

 

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