Government to Amend Laws for Digital Payment Solutions
The government is drafting a comprehensive legal package to amend existing laws and promote a cashless economy.
This package aims to empower local governments and provincial authorities to enforce the availability of digital payment solutions at business and retail outlets.
- Amend the Payment Systems and Electronic Fund Transfers Act, 2007
- Mandatory digital mode of payment for all businesses, including QR code facilities
- Authorize local governments to ensure compliance and enforcement
No specific quote available in the given text.
Author's summary: Government drafts legal package for cashless economy.