More Than 2 Lakh PoS, 55 Lakh Digital Payment Devices Set Up Under RBI Scheme

Almost (*55*).4 lakh bodily gadgets like level of sale (PoS), cellular level of sale (mPoS) and normal packet radio service (GPRS) had been arrange in smaller cities underneath the Reserve Bank of India's (RBI) Payments Infrastructure Development Fund (PIFD) until September 30, 2021.According to knowledge launched by Reserve Bank of India (RBI), (*55*),45,942 bodily gadgets had been put in in tier-3 to tier-6 centres in addition to in north-eastern states.RBI had operationalised PIFD on January 1, 2021, which subsidises deployment of PoS infrastructure – each bodily in addition to digital modes – within the abovementioned centres.Beneficiaries of the Centre's avenue distributors' scheme or PM SVANidhi scheme from tier-1 and tier-(*55*) centres have additionally been introduced underneath PIFD's ambit since August 26, 2021.In addition to bodily gadgets, greater than 55 lakh or 55,36,678 digital gadgets like inter-operable QR code-based funds like UPI QR and Bharat QR have been put in in tier-3,4,5 and 6 centres in addition to north-eastern states.Contribution to the PIDF is made by the RBI, authorised card networks and card issuing banks. Total contribution from all these contributors at the moment stands at Rs 614 crore in direction of PIDF.Acquiring establishments (banks and non-banks) registered underneath the PIDF scheme, commit region-wise deployment targets, submit deployment statistics and declare subsidy for gadgets which fulfil the prescribed standards.