Demonetisation: ITPO taking steps to facilitate cashless transactions at IITF

The measures include tie-up with SBI and Axis Bank to provide sufficient number of swipe machines to exhibitors to facilitate the payments by visitors through debit/credit cards, the ministry said.

By: PTI | New Delhi | Updated: November 24, 2016 8:06 pm

Commerce Ministry’s India Trade Promotion Organisation (ITPO) today said it has taken various measures to facilitate cashless transactions for the participants and exhibitors at the ongoing India International Trade Fair at Pragati Maidan. The measures include tie-up with SBI and Axis Bank to provide sufficient number of swipe machines to exhibitors to facilitate the payments by visitors through debit/credit cards, the ministry said in a statement.

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However, the number of ATMs at the venue has also been increased to 14 from the earlier 2. For small artisans and exhibitors, it said, SBI has been tied up to open bank accounts, if needed, on site, to enable them to receive the cashless transactions through swipe machines. Paytm and Freecharge are also making arrangements to facilitate cashless transactions at the fair through digital wallets, it added.

“ITPO) has taken various measures to facilitate cashless transactions for the participants (including artisans from MSME, CAPART, EPCH, NMFDC) and exhibitors at the ongoing IITF,” it added. People in the fair are facing problems in cash transactions due to the demonetisation of Rs 500 and Rs 1,000 notes announced by government last week.