Mar 17, 2017 09:25 PM IST | Source: CNBC-TV18

Expect BHIM cashback, massive expansion of Bharat QR: IT secretary

IT Secretary Aruna Sundarajan said the government was looking to rationalise charges on digital transactions as part of its push for a less-cash economy.

The government is looking at a massive expansion of Point of Sale (PoS) machines and the Bharat QR Code as part its ambitious plans for digital transactions, said IT Secretary Aruna Sundarajan.

Speaking at the CNBC-TV18 Mint 'Budget Verdict–The Infra Ministerial' event, Sundarajan said that new schemes under BHIM (Bharat Interface for Money) including cashbacks were also on the cards.

BHIM is the government's app for digital transactions based on the Unified Payment Interace.

She said that the government was looking to rationalise charges on digital transactions, adding that there had a 30 percent jump in such transactions since demonetisation last November.

Sundarajan also said the government had been working with new payment banks and fintech companies to boost digital transactions.

The government was on target to have an additional 1 million POS by March 31 and hoped to achieve its target of 2 million Aadhaar-enabled POS by September, she said.

The government's efforts to increase the use of digital payments are part of its efforts to move towards a less-cash economy, triggered by the decision on November 8 to do away with 86 percent of the currency circulation and crack down on black money.

The IT secretary also said that there had been a huge electronic manufacturing push in India of late with both mobile and components companies setting up shop.

On the entry of Apple in India, she said it was only a question of when it would take place, adding that the US tech giant had told the government that it would bring its "ecosystem'' to India.

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