MS Dhoni, is an Indian international cricketer is associated with Cashless India, a campaign team of digital payment platform MasterCard, in which he will encourage merchants of the India to obtain digital payments. Under the digital India campaign of Indian central government, every Indian seller, merchant has to nominate one or more merchants who are not currently accepting digital payments instead of cash payment. Many Debit Card, Credit Card, Wallet companies will provide the infrastructure for merchants to take digital payments from individual buyer or b2b merchants. Mahendra Singh Dhoni will encourage, support to participate in Team Cashless India or digital India, anyone can nominate a merchant online or by giving a missed call on 9016861000.
Mahendra Singh Dhoni will interact with select merchants who have taken digital payments and encourage them to contribute towards adopting digital payments and making India cashless. Target to encourage 1 crore merchants to digital payments in India by 2020 'Team Cashless India' will encourage 1 crore merchants to digital payments in India by 2020.
The active participation of cricket legend Mahendra Singh Dhoni will provide the necessary motivation to the cash-to-digital dialogue, while CAT, with its vast network of 70 million merchants and traders, will provide the necessary capacity and access to reach traders. Partner banks and payment facility providers will work with merchants to set up digital payment infrastructure at the point of sale.
Digital transactions increased in India over the last few years In the last few years, digital payments in India have grown significantly. In the financial year 2018-19, 31.34 billion retail digital payments were recorded in the country. The Ministry of Electronics and Information Technology has set a target of 40 billion digital transactions for the financial year 2019-20. However, about 90 percent of retail payments are still in cash.
MasterCard is continuously working with partnership banks, CAT and FinTech companies to increase awareness and acceptance of digital payments.
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