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Digital Transactions

News: RBI has proposed to issue a discussion paper on digital transactions wherein it intends to reduce charges on digital transactions and thus make it more affordable. Paper will also seek feedback on measures required to make digital transactions affordable to users and economically remunerative to the providers. Lowering of digital payments cost could spur more transactions which are at around 14 crore per day, as per business standard and of which over 50% are below Rs.200 per transaction.

Views: This could be negative for fintechs like Paytm where major revenues come from payments and if wallet charges are regulated while cap on credit-card MDR could also impact spend based fee income.

Impact: Negative