Budget 2017: Finance Ministers' push towards digital transaction

To promote digital payments the government will authorize support for digital payment methods, including the BHIM app in petrol pumps, fertiliser depots, municipalities, block offices, road transport offices, hospitals, universities, colleges and other institutions. The launch of the BHIM app has already created opportunities for the digital financial service to be available to all.

By Priyadarshini Maji  
Wednesday, February 1, 2017

To promote digital payments the government will authorize support for digital payment methods, including the BHIM app in petrol pumps, fertiliser depots, municipalities, block offices, road transport offices, hospitals, universities, colleges and other institutions. The launch of the BHIM app has already created opportunities for the digital financial service to be available to all.

The finance minister revealed that till now 1.25 crore people have already adopted the BHIM App.

"It is a digital economy budget. Government has pushed the digital theme in every area of the budget. Every person from small shops to consumers are pushed towards the digital economy. Overall, it is a great budget that will encourage people to move to the formal economy and derive benefits, " said Vijay Shekhar Sharma, Founder & CEO - Paytm.

"The budget will help transforming India into a less cash economy to tackle the issue of corruption and clean up the system is one of the integral strategies of the government" said, Rahul Gochhwal, co-founder, Trupay.

To promote digital transactions following announcements were made in the budget:

 

 

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