Electronic Payment System in Towns and Villages

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Electronic Payment System in Towns and Villages
News and Press Release
Dated:- 20-12-2012

Press Information Bureau Government of India Ministry of Finance 20-December-2012 17:58 IST .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The Reserve Bank of India (RBI), as a move towards less cash economy, from time to time, has been facilitating the use of electronic payment products by issuing various Guidelines on Electronic Payme .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt System such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and National Electronic Clearing Services (NECS) in the country including in the smaller towns and villag .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es. In addition, other payment systems such as mobile banking, prepaid payment instruments and mobile wallet also enable electronic payment facility. Banks have also been installing ATMs and Point of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sale (PoS) devices for promoting electronic payments. This was stated by the Finance Minister Shri P. Chidambaram in reply to a question in the Rajya Sabha today. * * * DSM/RS/bs
News - Press r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... elease - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X