1 crore per year revenue merchant offering digital payments
localcircles you had done a very relevant poll a few weeks back about how every merchant with turn over of 1 cr per year must provide digital payment option to consumer.
has the findings of the same been released for public consumption and governmental action. if not by when we should expect that. more
Why only for 1 crore merchants turn over and above transactions need to resort digital payments .The financial bar of monitory limit is not a good idea more
More we increase number of digital payment in daily life, less will be the need to carry cash. However, customer's/seller's payment should be protected from fraud. It is a question of habit with reliability on the system. more
digital payments should be encourage by small traders also. more
The mode of payment is shifting from cash to digital- even local hawkers are accepting it. It will get built up with time if customer keeps his preference to digital payments - nobody will like to forego his sales/orofits just for sake of cash payments more
"must provide digital payment option to consumer" may be a good start. How will this be implemented, who will implement it, what are the checks and balances to ensure that it is implemented, what if it is not implemented. I may be playing the Devil's advocate, but just having rules and laws without the how and the subsequent penalities will make the rule irrelevant. more