https://www.taxtmi.com/news?id=17090 Shift to digital payments is advanced as a parallel mechanism to cash with Government and the central bank deploying incentives-reduced merchant discount rates, retail discounts for digital fuel payments, and duty waivers on POS devices-to expand acceptance. Cyber security and operational resilience are core to the initiative, with measures including strengthened bank cyber defences, CERT-IN mock drills, and outreach through Business Correspondents and postal agents. Stakeholder input stressed strict KYC alongside Aadhaar, improved rural connectivity and infrastructure, merchant acquisition of POS terminals, and consumer awareness and training. en-us Thu, 15 Dec 2016 16:49:00 +0530 Thu, 15 Dec 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17090 Shift to digital payments is advanced as a parallel mechanism to cash with Government and the central bank deploying incentives-reduced merchant discount rates, retail discounts for digital fuel payments, and duty waivers on POS devices-to expand acceptance. Cyber security and operational resilience are core to the initiative, with measures including strengthened bank cyber defences, CERT-IN mock drills, and outreach through Business Correspondents and postal agents. Stakeholder input stressed strict KYC alongside Aadhaar, improved rural connectivity and infrastructure, merchant acquisition of POS terminals, and consumer awareness and training. News - Thu, 15 Dec 2016 16:49:00 +0530 https://www.taxtmi.com/news?id=17090