The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including:
References:
[1]: Launch of Referral and Merchant Cashback scheme for BHIM users, NPCI, June 2017
[2]: India’s discounts for online payments a global first, Livemint, December 2016
[3]: No extra charge on digital payments via RuPay, UPI from Jan, The Hindu, Dec 2019.
[4] No service tax on credit, debit card transactions up to ₹2,000, TheHinduBusinessLine, Jan 2018
[5] T Wallet- Anytime Anywhere digital payment option for Everyone, Government of Telangana, July 2019
[6] Bhamashah Wallet, Inc42, August 2018
[7] National Common Mobility Card, Press Information Bureau, July 2019
[8] FASTag to be mandatory from December 15, EconomicTimes, November 2019
[9] DigiDhan Abhiyan, Digital India, January 2017
[10] RBI releases norms for facilitating money transfer among e-wallets, EconomicTimes, October 2018
[11] Pradhan Mantri Gramin Digital Saksharta Abhiyan, Digital India, January 2018
[12] DigiVaarta to popularize Digital Payments, Press Information Bureau, September 2018
[13] Transfer money via NEFT 24×7 from Dec 16, EconomicTimes, December 2019