RBI introduces PIDF to facilitate digital payments in rural & remote areas
Sat, Jan 9, 2021 1:20 PM

RBI introduces PIDF to facilitate digital payments in rural & remote areas

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Amid the rapid rise in payments' volumes through the Unified Payments Interface (UPI) network, the RBI is taking steps to further widen the use of digital payments in the country. This week, the central bank unveiled operational guidelines for the payments infrastructure development fund (PIDF) scheme to create digital payments acceptance infrastructure across Tier III to Tier VI regions in India.

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