Indian digital payment landscape witnesses over 65,000 crore digital transactions amounting to more than Rs. 12,000 lakh crore in last 6 Financial years. The growing adoption of digital payments has revolutionized access to financial services, particularly for underserved and unserved communities.

Indian digital payment landscape witnesses over 65,000 crore digital transactions amounting to more than Rs. 12,000 lakh crore in last 6 Financial years. The growing adoption of digital payments has revolutionized access to financial services, particularly for underserved and unserved communities. https://www.taxtmi.com/news?id=50766 The Government, RBI and NPCI coordinate deployment and incentives to increase digital payments adoption, including the Payments Infrastructure Development Fund to subsidise touchpoint deployment in underserved regions and the semi annual Digital Payments Index to measure progress. Support measures for small businesses and MSMEs include incentive schemes for low value UPI transactions, rationalisation of Merchant Discount Rate for debit card transactions, and use of Trade Receivables Discounting System to facilitate invoice financing, with digital transaction footprints enabling alternative credit assessment and greater access to formal credit. en-us Mon, 28 Jul 2025 18:47:51 +0530 Mon, 28 Jul 2025 18:47:51 +0530 TaxTMI RSS Generator Indian digital payment landscape witnesses over 65,000 crore digital transactions amounting to more than Rs. 12,000 lakh crore in last 6 Financial years. The growing adoption of digital payments has revolutionized access to financial services, particularly for underserved and unserved communities. https://www.taxtmi.com/news?id=50766 The Government, RBI and NPCI coordinate deployment and incentives to increase digital payments adoption, including the Payments Infrastructure Development Fund to subsidise touchpoint deployment in underserved regions and the semi annual Digital Payments Index to measure progress. Support measures for small businesses and MSMEs include incentive schemes for low value UPI transactions, rationalisation of Merchant Discount Rate for debit card transactions, and use of Trade Receivables Discounting System to facilitate invoice financing, with digital transaction footprints enabling alternative credit assessment and greater access to formal credit. News - Mon, 28 Jul 2025 18:47:51 +0530 https://www.taxtmi.com/news?id=50766