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    Question

    RBI created Payments Infrastructure Development Fund

    (PIDF) which intends to subsidise deployment of payment acceptance infrastructure in the country. The PIDF targets to add ______ touch points for digital payments acceptance every year.
    A 5 lakh Correct Answer Incorrect Answer
    B 20 lakh Correct Answer Incorrect Answer
    C 30 lakh Correct Answer Incorrect Answer
    D 50 lakh Correct Answer Incorrect Answer
    E 1 crore Correct Answer Incorrect Answer

    Solution

    Payments Infrastructure Development Fund (PIDF) was operationalised for a period of three years from January 01, 2021. The objective of PIDF is to increase the number of acceptance devices multi-fold in the country. The Scheme is expected to benefit the acquiring banks / non-banks and merchants by lowering overall acceptance infrastructure cost.   Validity Period and PIDF Target ·         Three years from January 01, 2021, extendable by two further years, if necessary. ·         Increasing payments acceptance infrastructure by adding 30 lakh touch points – 10 lakh physical and 20 lakh digital payment acceptance devices every year.  

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