Latest Payment Infrastructure Development Fund Scheme News & Updates

Mumbai, Jan 23 (IANS) Paytm on Friday clarified to the Indian bourses that any impact from the conclusion of the RBI’s Payment Infrastructure Development Fund (PIDF) scheme is expected to be offset over time through revenue growth and more targeted sales efforts.In a filing to stock exchanges, One 97 Communications Ltd, the parent company of Paytm, said it currently recognises incentive income under the PIDF scheme, linked to expenditure on payment acceptance devices such as Soundboxes and EDC…