Dial '14444' For All Queries On Digital Payments Soon
New Delhi: Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline - 14444 - for addressing all queries on digitial payments, as government takes strides to push for more digital transactions post demonetisation.
After the fourth meeting of the Committee of Chief Ministers on digital payments, Convenor and Andhra Pradesh Chief Minister Chandrababu Naidu said, plans are afoot to import one million PoS machines to enable cashless payments across India.
NITI Aayog Vice-Chairman Arvind Panagariya said IT industry body Nasscom, telephone operators and the government thinktank are creating the helpline to address all queries of public regarding digital payments.
The helpline number would be made operational soon. Briefing the media on the discussions, Naidu also said the Committee of Chief Ministers will present its interim report on digital payments movement to Prime Minister Narendra Modi within a week.
"We are planning a sustainable, long-term, policy to attract majority in India to move to digital payments through providing incentives," Naidu said.
To a query on incentives for card payments which expires on December 31, the Chief Minister said incentives to users and subsidy for smartphones are being contemplated to push digital payments across India.
"Our focus is on providing more incentives for making digital payments a mass movement," he said, adding "things are moving very positively on a digital economy for India".
He also said the Committee would recommend continuation of the incentives beyond December 31.
The government has given certain incentives post demonetisation like waiver of Merchant Discount Rate (MDR) on card usage till the year-end.
Naidu said that two major breakthroughs using existing infrastructure have been Aadhaar Pay and modified versions of USSD and UPI, and the two would be launched soon.
Significant upgrades in technology have also been made and new capacities have been added to enable millions of Indians use digital payments, he said.
An app for UPI and interoperability of USSD and UPI has now been made possible which will be a major push for 600 million Indians to use digital payments, he added.
The Andhra Chief Minister also said that the Committee is working with NITI Aayog to address existing constraints in connectivity, hardware and technical infrastructure to push cashless transactions.
During the meeting, a presentation was made regarding the best practices and learnings from other countries for a digital economy in India.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets