However, the Government should reduce import duty on Card Swipe Machines and also ensure development of manufacturing facilities of Card Swipe Machines in India. Currently, there are about 11 lakh point of sale terminals in the country which is too low. Both usage of digital payments and availability of more and more point of sales will compliment each other of more usage of payments through cards.
A scheme of discounts in VAT payment to Tax Departments will further encourage the people to adopt e-payments in India, CAIT said in the release. (SH)
ALCHEMPro News Desk - India
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