According to MasterCard, micro, small and medium enterprises need to go for online payments which currently account for 4% of total transactions in India, indiatoday.intoday.in reports. Micro merchants comprise kirana stores, and small retail shops having 2-5 employees.
MasterCard operates in 210 countries with transactions in 150 currencies and was in talks with Central and State government agencies, also signing a Memorandum of understanding with State of Gujarat to bring in digital payments for traders.
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