The industry seems to be upbeat about the government push to launch multiple data analytics, AI, ML-driven models for e-security, e-education, e- consultation, and compliance management.
While encouraging initiatives such as PIDF by RBI have already been announced, in the upcoming Union Budget, we expect the government to announce a subsidy on MDR and POS devices.
IDBI Intech (Intech), a wholly-owned subsidiary of IDBI Bank, said that it has appointed Suresh Khatanhar as the new Chairman of its Board.
Budget 2021 should restore normal MDR to incentivise digital payments: PayNearby CEO Anand Kumar Bajaj
Restoring normal MDR on transactions will incentivise the digital ecosystem and facilitate a smoother growth trajectory towards innovation, says Anand Kumar Bajaj, Founder, MD & CEO, PayNearby.