You are here: Home » Companies » News
Business Standard

Remove service tax on card-based transactions: Indepay

Prepaid network of Indepay works in collaboration with banks, existing payment networks and wallets

Press Trust of India  |  New Delhi 

Remove service tax on card-based transactions: Indepay

Payments firm Networks on Friday urged the government to remove from all card-based transactions to promote

"Removal of in case of all card-based transactions is essential. This exemption should, in fact, apply to banking correspondents as well, in order to extend the reach of financial inclusion to the remote and under- banked and non-banked areas of the country," Network President and CEO said in a statement.



He also emphasised on the need to encourage digitisation of agriculture cooperative societies, Regional Rural Banks, and Cooperative Banks.

The prepaid network of works in collaboration with banks, existing payment networks and wallets to enable cashless transactions.

Post demonetisation, the government has been pushing for a less cash economy and promoting digital transactions in a big way. Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post of high value currency on November 8.

RECOMMENDED FOR YOU

Remove service tax on card-based transactions: Indepay

Prepaid network of Indepay works in collaboration with banks, existing payment networks and wallets

Prepaid network of Indepay works in collaboration with banks, existing payment networks and wallets Payments firm Networks on Friday urged the government to remove from all card-based transactions to promote

"Removal of in case of all card-based transactions is essential. This exemption should, in fact, apply to banking correspondents as well, in order to extend the reach of financial inclusion to the remote and under- banked and non-banked areas of the country," Network President and CEO said in a statement.

He also emphasised on the need to encourage digitisation of agriculture cooperative societies, Regional Rural Banks, and Cooperative Banks.

The prepaid network of works in collaboration with banks, existing payment networks and wallets to enable cashless transactions.

Post demonetisation, the government has been pushing for a less cash economy and promoting digital transactions in a big way. Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post of high value currency on November 8.
image
Business Standard
177 22

Remove service tax on card-based transactions: Indepay

Prepaid network of Indepay works in collaboration with banks, existing payment networks and wallets

Payments firm Networks on Friday urged the government to remove from all card-based transactions to promote

"Removal of in case of all card-based transactions is essential. This exemption should, in fact, apply to banking correspondents as well, in order to extend the reach of financial inclusion to the remote and under- banked and non-banked areas of the country," Network President and CEO said in a statement.

He also emphasised on the need to encourage digitisation of agriculture cooperative societies, Regional Rural Banks, and Cooperative Banks.

The prepaid network of works in collaboration with banks, existing payment networks and wallets to enable cashless transactions.

Post demonetisation, the government has been pushing for a less cash economy and promoting digital transactions in a big way. Digital payment channels like mobile wallets, USSD and RuPay have seen massive uptake and rise in transactions post of high value currency on November 8.

image
Business Standard
177 22