Monday July 22, 2019
Home India Prime Ministe...

Prime Minister Narendra Modi announces lucky draw schemes for people who use Digital Payment methods

Modi also announced 'Digi Dhan Vyapar Yojana' which will only be for traders to promote cashless business

0
//
Prime Minister of India Narendra Modi.(Representational image) Wikimedia

New Delhi, December 25, 2016: Prime Minister Narendra Modi on Sunday announced lucky draw schemes for people who use digital payment methods including e-banking, mobile banking and e-wallets.

In his monthly radio address to the nation ‘Mann Ki Baat’, Modi on the occasion of Christmas said 15,000 people who use digital payment modes will be given a reward of Rs 1,000 each by a lucky draw under ‘Lucky Grahak Yojana’. This amount will be transferred to their accounts.

NewsGram brings to you latest new stories in India.

“This scheme will last for 100 days (from Sunday). As such lakhs of people will get crores of rupees,” Modi said.

The Prime Minister said there will be one big draw every week with winning price in lakhs.

“On the occasion of Ambedkar Jayanti — April 14, 2017 — we will be conducting a bumper draw in which the winning price will be in crores.”

To promote cashless business among the traders across the country, Modi also announced ‘Digi Dhan Vyapar Yojana’ which will only be for traders.

Modi also announced tax rebate for the traders doing cashless business.

“To encourage cashless business in the country, the government has taken a major decision. All businessmen adopting digital transactions will get rebate in income tax,” Modi announced in the 27th edition of ‘Mann Ki Baat’.

Go to NewsGram and check out news related to political current issues

The Prime Minister appealed the traders to join the schemes and also encourage people to adopt cashless transactions.

“This scheme is to benefit all sections especially poor and lower middle income groups. Hence, only transactions between Rs 50 and Rs 3,000 will be rewarded,” Modi said.

Modi said that even poorest of the poor through USSD (unstructured supplementary service data ) can use ordinary feature phone for digital transactions and become eligible for reward scheme. In rural areas people can use AEPS (Aadhaar Enabled Payment System) for digital payments.

Modi added that people would be able to take benefit of these schemes only if they use mobile banking, e-banking, RuPay cards, USSD, Unified Payment Interface (UPI) or other digital payment modes.

He said that there has been tremendous increase in awareness about digital transactions, cashless business.

“In the last few days, cashless business has seen 200 to 300 per cent rise. I am sure people will enthusiastically participate in these schemes,” Modi said.

Modi also lauded the efforts of all the states and Union Territories for promoting the campaign of cashless trading and digital transactions.

Look for latest news from India in NewsGram.

“I was told that Assam government has decided to give 10 per cent rebate on property tax and ‘vyapar lisence fee’ if paid through digital transactions. I congratulate Assam government for such initiatives,” PM said.

Modi said that out of 30 crore RuPay cards, 20 crores cards belong to poor families.

“These 30 crore people can join this reward scheme right away. We should be at the forefront of using digital means to make payments and transactions,” he added. (IANS)

Next Story

Citcon Expanding Business into Europe by Bringing Popular Chinese Mobile E-Wallets

European merchants can now take advantage of additional revenue streams from Chinese travellers

0
Citcon, Mobile, E-Wallets
Citcon has set out a plan to facilitate European merchants to increasingly adopt some of the most popular Chinese mobile payment tools such as WeChat Pay. PIxabay

US-based mobile payment solution provider Citcon is expanding its business into Europe by bringing popular Chinese mobile e-wallets there with an eye on growing Chinese tourists, the company has said.

Citcon has set out a plan to facilitate European merchants to increasingly adopt some of the most popular Chinese mobile payment tools such as WeChat Pay, Alipay and China UnionPay that are currently used by hundreds of millions of Chinese customers, Xinhua news agency on Tuesday quoted Arlene Go, a Citcon official responsible for marketing communications, as saying.

European merchants can now take advantage of additional revenue streams from Chinese travellers, who are now the largest spenders and the fastest growing traveller segment in Europe, according to the company headquartered in Santa Clara, California.

“Chinese tourism is booming in Europe and we are proud to promote a smart lifestyle by providing travellers access to the digital wallets they prefer,” said Chuck Huang, Citcon Founder and CEO.

Citcon, Mobile, E-Wallets
US-based mobile payment solution provider Citcon is expanding its business into Europe by bringing popular Chinese mobile e-wallets. Pixabay

Huang said the surging influx of Chinese tourists into Europe in recent years has presented an opportunity for retailers in the region to “offer the lifestyle that travellers demand”.

Citcon is a cross-border mobile payment and commerce solution provider and a partner of Alipay and WeChat Pay in North America.

In March, it helped the Chinese Consulate General in San Francisco launch electronic payment for its consular services including passport and visa processing for Chinese customers who are accustomed to doing transactions with WeChat Pay or Alipay back in China.

Citcon said its transaction volume and merchant base has grown 10 times since it was founded in 2015.

Also Read- Taj Mahal: Honey Bees at Historical Monument Alarm Tourists

The company hopes to expand to 50,000 merchant partnerships across all major metropolitan cities in the US, Canada and Europe by the end of 2019. (IANS)