The Union Cabinet has approved a proposal to withdraw the surcharge/service charge or convenience fee on digital payments. The directive will apply to all kinds of digital payments like credit/debit cards, pre-paid cards, mobile payments or mobile wallet payments for any government service.Many retail stores and merchants charge an additional surcharge in case of non-cash payments.
India Post has received a licence for starting a payments bank. It will send a proposal to the Reserve Bank of India (RBI) to allow ATMs of India Post to work on the platforms of all other banks. Currently, about 600 ATMs have been installed across the country; the target is to take this number to 1,000 by end-March 2016 and 10,000 in the next couple of years. Also, 20,000 micro-ATMs will be set up in the same period.