Govt plans lucky draws to boost e-payments

On Thursday, the Finance Ministry announced a number of discounts on digital payments made for the purchase of petrol, diesel, insurance premiums, highway toll, seasonal rail tickets, etc.

By: Express News Service | New Delhi | Published:December 11, 2016 3:56 am
NITI Aayog, Finance Ministry, digital transactions, demonetisation, demonetisation news, India news, Indian Express NITI Aayog. (File Photo)

Following up on the slew of incentives announced by the Finance Ministry on Thursday, the NITI Aayog has asked the National Payments Corporation of India to come up with a scheme of weekly and quarterly lucky draws to encourage digital transactions.

According to a statement of the Aayog, besides a weekly lucky draw of the transaction IDs generated in a particular week, a quarterly draw with grand prizes has been proposed. The statement said the scheme would focus on the poor, lower middle class and small businesses. The guidelines of this scheme have not been detailed yet.

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“It would be ensured that all those who have used digital payment systems after November 8 shall be eligible to participate in the scheme,” Niti Aayog said in the release.

All modes of digital payments such as Unstructured Supplementary Service Data (USSD), Aadhaar Enabled Payment Systems (AEPS), Unified Payment Interface (UPI) and RuPay cards, would be eligible under the scheme. For merchants, transactions made on their point-of-sale machines would be considered, it said.

On Thursday, the Finance Ministry announced a number of discounts on digital payments made for the purchase of petrol, diesel, insurance premiums, highway toll, seasonal rail tickets, etc.

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