QR code-based payment option to be made mandatory for shops, says report
Updated : May 13, 2019 11:24 AM IST
The details of the plans are being chalked out at the official level after the GST Council gave it a go-ahead before the ongoing Lok Sabha elections.
The move to introduce the payment mechanism for business-to-consumer (B2C) transactions is to bring about a behavioural change.
In order to promote digital payments nationally, the finance ministry is working out the rules and a decision on putting together digital payment architecture is expected after the general elections.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more