Which of the following is the major objective of the recently created Payments Infrastructure Develo...........

Current GK (SBI-PO) Banking Awareness

Which of the following is the major objective of the recently created Payments Infrastructure Development Fund (PIDF) from RBI?

Creation of physical and digital wallets

Deploying Points of Sale (PoS) infrastructure

Promotion of UPI payments

Both A and B

All of the above

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Explanation:

• Payments Infrastructure Development Fund (PIDF) has been created to encourage deployment of Point of Sale (PoS) infrastructure, both physical and digital, in tier-3 to tier-6 centres and north eastern states.
• The setting of PIDF is in line with the measures proposed by the vision document on payment and settlement systems in India 2019-2021.
• It is also in line with the RBI’s proposal to set up an Acceptance Development Fund which will be used to develop card acceptance infrastructure across small towns and cities.

Hence option 5 is correct