• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:03:30 AM IST | Monday, Mar 08, 2021
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Economy > CAIT launches initiative to accelerate use of digital payments among merchants
Economy
CAIT launches initiative to accelerate use of digital payments among merchants
By  
PTI   , Published : Aug 8, 2019, 7:16 pm IST | Updated : Aug 8, 2019, 7:16 pm IST

HDFC Bank's Smita Bhagat said that the initiative will make a big difference in the lives of small traders.

Realising that e-commerce will play an important role in business,
Realising that e-commerce will play an important role in business, "we will make live showroom of traders on e-commerce portal which will have integrated facilities of digital payments, logistics and live chat," CAIT Secretary General Praveen Khandelwal said. (Photo: File)

New Delhi: Traders body CAIT on Thursday launched an initiative -- Digi Vyapari-Safal Vyapari -- to accelerate acceptance of digital payments among merchants across the country.

The Confederation of All India Traders (CAIT) has partnered with HDFC Bank, Mastercard, Common Service Centres (CSCs) of Ministry of Electronics and Information Technology (Meity) and Global Linkers for the initiative.

Realising that e-commerce will play an important role in business, "we will make live showroom of traders on e-commerce portal which will have integrated facilities of digital payments, logistics and live chat," CAIT Secretary General Praveen Khandelwal said.

He added that the initiative is aimed at accelerating the acceptance of digital payments among merchants and linking them with e-commerce portals by creating their e-commerce showrooms.

Smita Bhagat, Head ? Government & Institutional Business and e-Commerce, HDFC Bank said that the initiative will make a big difference in the lives of small traders and merchants by ensuring that they have easy access to business finance and banking resources.

There are about seven crore traders in the country.

end-of
Tags: 
confederation of all india traders, cait, digital payments, e-commerce, small traders
Location: 
India, Delhi, New Delhi
Latest From Economy
Former RBI governor Urjit Patel has written a book titled Overdraft: Saving the Indian Saver.

Urjit Patel: Why our banks aren't saviours of the Indian saver

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham