What Is the Status of Digital Payments in India?

Officers of the NITI Aayog making a presentation on ‘Digital Payments’ in New Delhi on December 02, 2016
Officers of the NITI Aayog making a presentation on ‘Digital Payments’ in New Delhi on December 02, 2016

Senior officers of the NITI Aayog led by the Joint Secretary Vikram Singh Gaur made a presentation on ‘Digital Payments’ before a Home Minister Kiren Rijiju, heads of Central Armed Police Forces (CAPFs), and other officials in Delhi today.

During the meeting, Rijiju said that though it is difficult to move to Digital Payments initially but once you start you can easily adapt to the cashless mode of payments.

He said that the Prime Minister Narendra Modi has encouraged the citizens to switch over to the ‘less cash’ transactions. He expressed confidence to meet the challenge.

[ Modi’s Demonetization Is Organized Loot, Says Dr. Manmohan Singh ]

These days, the government of India is promoting cashless transactions because Modi had demonetized currency notes of Rs. 500 and Rs. 1000 on November 8, saying that the step has been taken to check corruption and stop the flow of black money.

Common people and opposition parties in India are up in arms against the Modi government because the decision to stop the circulation of currency is causing severe hardships to commoners.

This war-like situation is causing deaths of innocent people who keep standing in queues even in harsh weather with the hope to get their old currency exchanged from banks.

NITI Aayog officials said a number of convenient modes of electronic payments are available such as the United Payments Interface, e-Wallet, Prepaid Cash, Credit & Debit Cards, Unstructered Supplementary Service Data (USSD), and Aadhaar Enabled Payment System for their needs.

Photo courtesy: Press Information Bureau

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Rakesh Raman