Mr. Pramod Saxena, Chairman & Managing Direct, Oxigen Services – “The budget 2017-18 reflects the government’s continuous efforts to move towards less cash economy and bringing transparency in value chain through digital payments & GST. The budget has stressed upon the importance of strengthening India’s digital economy by bringing down cost of digital infrastructure. The acceleration of PoS infrastructure with 10 Lakh PoS machines by March 2017 and another 20 Lakh Aadhaar based PoS by September 2017 is a reflection of pushing digital payments at last mile by 300% from the current base of 15 Lakh PoS achieved so far in last 20 years. The decision to exempt duty on various POS machines will help in reducing cost of digital infrastructure implementation and benefit companies like Oxigen.”
