Multiple initiatives taken by Government and other financial institutions to promote digital payment transactions

Multiple initiatives taken by Government and other financial institutions to promote digital payment transactions https://www.taxtmi.com/news?id=51491 Government, RBI and NPCI measures promote digital payments through incentive schemes and the Payments Infrastructure Development Fund, while fraud-mitigation includes device binding, two-factor PIN authentication, transaction limits, use-case restrictions and AI/ML-based monitoring. Regulatory reforms require board-approved pricing policies for microfinance with a transparent interest-rate model, simplify the microfinance loan definition and relax prior quantitative and purpose-based lending restrictions to broaden access. en-us Mon, 04 Aug 2025 18:44:44 +0530 Mon, 04 Aug 2025 18:44:43 +0530 TaxTMI RSS Generator Multiple initiatives taken by Government and other financial institutions to promote digital payment transactions https://www.taxtmi.com/news?id=51491 Government, RBI and NPCI measures promote digital payments through incentive schemes and the Payments Infrastructure Development Fund, while fraud-mitigation includes device binding, two-factor PIN authentication, transaction limits, use-case restrictions and AI/ML-based monitoring. Regulatory reforms require board-approved pricing policies for microfinance with a transparent interest-rate model, simplify the microfinance loan definition and relax prior quantitative and purpose-based lending restrictions to broaden access. News - Mon, 04 Aug 2025 18:44:44 +0530 https://www.taxtmi.com/news?id=51491