RBI pushes for digital payments infrastructure across Tier III to Tier VI regions
Announced operational guidelines for the Payments Infrastructure Development Fund (PIDF) scheme for the same
The fund will be operational for three years from January 1, 2021
It has a corpus of Rs 345 crore, of which Rs 95 crore is contributed by authorised card networks operating in India
The scheme will especially focus on the northeast region
The scheme will cover PoS, mobile PoS, GPRS, PSTN and QR code payments
