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Choose the incorrect option regarding the Payment Infrastructure Development Fund( PIDF) which was launched by RBI 2021?
To benefit the acquiring banks/non-banks and merchants by lowering overall acceptance infrastructure costs.
To increase payments acceptance infrastructure by adding 30 lakh touch points every year – 10 lakh physical and 20 lakh digital payment acceptance devices.
RBI has invested 250 crore in this fund.
To increase the number of acceptance devices multi-fold in the country.
POS will be established in tier 1 and tier 2 cities
By: Parvesh Mehta ProfileResourcesReport error
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