Bringing parity between physical cash and digital payment transactions need to be put in place at the earliest. But we believe additional directions towards bringing parity between physical cash and digital payment transactions need to be put in place at the earliest. The Economic Survey 2016-17 said Merchant Discount Rate (MDR) or the cost of digital payments should be absorbed by the government which awaits clarity. However, for all other digital payment instruments, be it debit/credit cards or prepaid instruments (cards/wallets) all transactions up to Rs10,000 require just the basic information. However, the same is still a lot higher than all other digital payment instruments.

Source: Mint February 01, 2017 16:30 UTC