Series of steps to promote digital payments in Telangana

Hyderabad, December 12:

Telangana government is taking a series of steps to promote digital Payments in the state, said Information Technology minister K. T. Rama Rao.

He said that the ultimate aim of these measures is to ensure ease of transactions for the citizens and also improve transparency in various government and private transactions.

He was chairing the first meeting of the cabinet subcommittee on promoting digital payments in Telangana.

Other members of the subcommittee Etela Rajender, Jagadish Reddy, Jupally Krishna Rao, and Mahender Reddy attended the meeting.

KTR said that KCR is one of the first CMs to take a holistic approach towards demonetization.

The minister said Ibrahimpur is the first village to go cashless in the state, where a combination of UPI, POS Machines, Rupay Cards and QR Code based payments systems were used.

He believes that imparting digital payment literacy and ensuring security of user data is of paramount importance in this whole exercise.

KTR also opined that the citizens should have the ability to transact on all platforms with equal ease. He said interoperability between various banking and financial institutions are the key.

He also gave a high-level overview of the proposed T-Wallet app. Minister said that this payment system is being designed keeping all kinds of users in mind.

He urged the officials and bankers to ensure that the transition from cash payments to digital payments is smooth for the citizen.

IT Secretary Jayesh Ranjan gave a detailed presentation on the proposed T-Wallet. He said that the proposed T-Wallet will have state-of-the-art features and also inbuilt security measures.

Ranjan also informed the participants that a massive digital payment literacy campaign was launched on 7thDecember across the state.

Suresh Chanda who heads the state taskforce on digital payments gave an overview of the various findings of the taskforce and the strategy to be followed to promote digital payments in the state.

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