The Confederation of All India Traders (CAIT) also welcomed the increase in transaction limit on e-wallets from Rs 10,000 to Rs 20,000 per month for individuals and merchants.
The measures will certainly push traders all over the country to adopt digital modes for making payments, it said.
However, CAIT has suggested that transaction cost on use of credit cards may be subsidised by the government since it will also enable more people to use digital mode.
The body hopes that business activities across the country will be revived to a certain extent and aid the process of scaling up digital transactions in the country.
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The cost of deployment remains a huge concern for small businesses, suggesting that financial institutions should eye long term gains by offering subsidised terminals to boost digitisation, they added.
To encourage widespread usage of digital payments post demonetisation, the government today said no transaction charges will be levied on debit cards till December 31.
The move comes after the government reviewed the situation post demonetisation of 500 and 1,000 rupee notes and decided to encourage digital payments.
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