Venkaiah Naidu Reveals Steps to Promote Digital Transactions

India’s Minister of Information & Broadcasting M. Venkaiah Naidu today addressed the officers of his Ministry regarding the steps being taken by the government for facilitating a less-cash economy and encouraging digital and online transactions.

The minister stated that the initiative of the government was an attempt to prevent delays through seamless transactions and end the menace of corruption and black money.

He mentioned that the government’s JAM (Jan Dhan, Aadhaar, and Mobile) initiative would also facilitate this transformation. In this context, he reiterated Prime Minister Narendra Modi’s JAM vision which, he said, would ensure maximum penetration of technology among the masses and maximum empowerment of poor.

[ Cash Crunch? Modi Says Use Mobile Banking. Will You? ]

Naidu urged all officers to provide counselling to their staff to move and adapt to a cashless and digital transactions reducing the role of physical money in day-to-day transactions.

The Minister also mentioned a few platforms available for digital transactions including Unified Payment Interface and Mobile Wallets.

A presentation on towards less cash economy including different platforms and methods of transaction was also made by NITI Aayog team. The presentation was followed by a Question & Answer session, where doubts and queries were answered.