Photo: Hindustan TimesNew Delhi: Oil marketing companies (OMCs) plan to adopt more innovative measures to promote digital payments across fuel retail outlets, oil minister Dharmendra Pradhan informed a parliamentary panel on Friday. Pradhan said a three-pronged strategy had been adopted for digitization—rapid expansion of digital payment infrastructure at fuel stations, a campaign to spread awareness, and incentivizing consumers to opt for digital payments. So far, 38,128 retail outlets have been equipped with point-of-sale (PoS) machines. More than 86% of the outlets have infrastructure for digital payment transactions. To incentivize cashless payments, Pradhan said that the government had on 8 December announced a discount of 0.75% for purchase of petrol/diesel through credit/debit cards and e-wallets, at fuel retail outlets run by OMCs.

Source: Mint April 21, 2017 18:11 UTC