8) Payment Infrastructure Development Fund (PIDF) Flashcards
1
Q
Who has started PIDF ?
A
RBI
2
Q
Aim ?
A
To increase and encourage acquirers to deploy POS infrastructure in both physical and digital form in tier 3 to tier 6 centres including NE states
3
Q
Who will manage this fund ?
A
Managed and administered by RBI but an advisory council will govern this
4
Q
Funding ?
A
Total 500 cr – 250cr by RBI and other half by banks who issue such PoS machines and vendors of cards like Master, VISA etc
