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Government encourages digital payment systems post demonetisation

IANS  |  New Delhi 

In order to encourage payment systems across the country post demonetisation, the central on Thursday said it will adopt best available practices in this regard.

"As of now, the is encouraging Unified Payments Interface (UPI), e-wallet, use of debit and prepaid cards and Adhaar enabled payment system among others to promote payment systems," Amitabh Kant, Chief Executive Officer of NITI Aayog, said at a press conference here.

A nationwide campaign has already been launched to spread awareness in this regard, he said.

"Efforts are on to educate and encourage general people to use payment systems without any problems," he added.

"A committee of Chief Ministers has also been formed to implement payment systems and to promote transparency, financial inclusion and ensure a healthy financial ecosystem," he said.

Andhra Pradesh Chief Minister N. Chandrababu Naidu is heading it and the committee will have its first meeting later today (Thursday), he said.

The NITI Aayog, which has been entrusted with the task to create awareness about these systems all across the nation, has already discussed everything related to the scheme with all district collectors, officials in various ministries and others.

"Every segment of the population has been covered, and the campaign to educate masses will go on till everybody knows how to use these payment systems," he said.

Kant said the is also switching over to the modern means of money transactions and payment systems to make the system more transparent.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Government encourages digital payment systems post demonetisation

In order to encourage digital payment systems across the country post demonetisation, the central government on Thursday said it will adopt best available practices in this regard.

In order to encourage payment systems across the country post demonetisation, the central on Thursday said it will adopt best available practices in this regard.

"As of now, the is encouraging Unified Payments Interface (UPI), e-wallet, use of debit and prepaid cards and Adhaar enabled payment system among others to promote payment systems," Amitabh Kant, Chief Executive Officer of NITI Aayog, said at a press conference here.

A nationwide campaign has already been launched to spread awareness in this regard, he said.

"Efforts are on to educate and encourage general people to use payment systems without any problems," he added.

"A committee of Chief Ministers has also been formed to implement payment systems and to promote transparency, financial inclusion and ensure a healthy financial ecosystem," he said.

Andhra Pradesh Chief Minister N. Chandrababu Naidu is heading it and the committee will have its first meeting later today (Thursday), he said.

The NITI Aayog, which has been entrusted with the task to create awareness about these systems all across the nation, has already discussed everything related to the scheme with all district collectors, officials in various ministries and others.

"Every segment of the population has been covered, and the campaign to educate masses will go on till everybody knows how to use these payment systems," he said.

Kant said the is also switching over to the modern means of money transactions and payment systems to make the system more transparent.

--IANS

sk/pgh/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Government encourages digital payment systems post demonetisation

In order to encourage payment systems across the country post demonetisation, the central on Thursday said it will adopt best available practices in this regard.

"As of now, the is encouraging Unified Payments Interface (UPI), e-wallet, use of debit and prepaid cards and Adhaar enabled payment system among others to promote payment systems," Amitabh Kant, Chief Executive Officer of NITI Aayog, said at a press conference here.

A nationwide campaign has already been launched to spread awareness in this regard, he said.

"Efforts are on to educate and encourage general people to use payment systems without any problems," he added.

"A committee of Chief Ministers has also been formed to implement payment systems and to promote transparency, financial inclusion and ensure a healthy financial ecosystem," he said.

Andhra Pradesh Chief Minister N. Chandrababu Naidu is heading it and the committee will have its first meeting later today (Thursday), he said.

The NITI Aayog, which has been entrusted with the task to create awareness about these systems all across the nation, has already discussed everything related to the scheme with all district collectors, officials in various ministries and others.

"Every segment of the population has been covered, and the campaign to educate masses will go on till everybody knows how to use these payment systems," he said.

Kant said the is also switching over to the modern means of money transactions and payment systems to make the system more transparent.

--IANS

sk/pgh/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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