As expected, Union Budget 2017 aims to provide a huge boost to the country’s digital payment revolution. Measures like exemption of import duty on all types of PoS devices, additional 10 to 20 lakh POS terminals, no service charges on IRCTC bookings strengthens the way ahead for digital transactions.
“Incentivization schemes on digital payments for merchants, along with the ban on cash transactions above Rs 3 Lacs will provide a huge boost to the country’s digital payment revolution.
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