Two months after the National Payments Corporation (NPCI) steering committee decided on distribution of payments subsidy among banks and payment system operators, banks have yet again failed to distribute the amount. Banks had earlier failed to share payments subsidy amounting to more than ₹2,000 crore to payment system providers.
A letter addressed by the NPCI steering committee to all member banks on January 16 had decided that lenders will have to share 0.15% incentive to issuers and 0.025% incentive to be given to payment systems operators. A similar letter was also sent in December.
Source:
Economic Times
