NITI Aayog requests NPCI for incentivizing digital payments

10 December, New Delhi

Aiming to realize Prime Minister Narendra Modi’s vision of cashless transactions, NITI Aayog today requested National Payment Corporation of India (NPCI) to conceptualize and launch a new scheme to incentivize digital payments.

“We need to encourage electronic payments and nudge the society to move from digital to digi-dhan. There has been a remarkable increase in both volume and amount of digital payment transactions since November 8,” the NITI Aayog said in a statement.

Citing African nation’s example of moving towards digital payments, the department said in Africa a developing country like Kenya has made this possible.

In a country like India where 65 per cent of the population is below 35 years of age, whose IT prowess is well recognized and where even poor and illiterate people exercise their franchise through EVMs, this transformation toward digital economy is definitely possible provided the citizens resolve to do so. This would enable the economy to grow at a faster pace.