In a recent development, the Indian government has announced new regulations aimed at promoting digital payments in the country. The move is part of the government’s efforts to boost cashless transactions and reduce the reliance on physical currency. The new rules require all businesses with a turnover of more than Rs. 50 crore to provide digital payment options to their customers. This includes acceptance of payments through UPI, BHIM, Aadhaar Pay, and other digital modes. The government believes that this will not only make transactions more convenient for customers but also help in curbing the flow of black money in the economy. The decision comes at a time when the country is witnessing a surge in digital transactions, with more and more people opting for online payment methods. The government has also been pushing for greater adoption of digital payments to achieve its goal of a less-cash economy. Industry experts have welcomed the move, saying that it will help in formalizing the economy and bringing more transparency into the system. They believe that the new regulations will encourage businesses to invest in digital infrastructure and promote a culture of digital payments in the country. Overall, the government’s decision to mandate digital payment options for large businesses is seen as a positive step towards realizing the vision of a digital India.