Noting that Aadhaar-enabled payments was the biggest disruption in India, he said nearly 30 crore people who are without mobile connections can use Aadhaar and thumb impression or Iris connection for digital payments.
In the next 6-7 months every smartphone user would be able to make Aadhaar based payment using a device based on inter-operating system, Kant said, pointed out that as India moves towards digitisation transaction costs would come down.
Highlighting various incentive schemes taken by the government to promote digital payments such as ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapari Yojna’, the NITI Aayog CEO assured merchant-traders that in their move towards digitisation there would be no harassment by tax official by way of scrutiny of the previous years of books of accounts.
From Agencies, Feature image courtesy indianexpress
