New Delhi: Pilot run of the special drive for digital onboarding of street vendors under PM SVANidhi scheme was launched recently by Ajay Prakash Sawhney, Secretary, Ministry of Electronics & Information Technology (MeitY) and Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA).
The special drive aims to accelerate onboarding of street vendors on the UPI QR code and handhold them to start accepting and making digital payment transactions. Five major aggregators including Paytm, PhonePe, BharatPe, Mswipe and Aceware have agreed to participate in a 45-days special drive for digitally onboarding the street vendors with BHIM-UPI QR code on a pro-bono basis.
The drive will cover 223 cities across the country with around 8,68,184 street vendors to be onboarded under various urban local bodies. Digital Payment Aggregators will educate the street vendors about the benefits of digital payments such as convenience, increased operational efficiency, seamless transfer of funds, cost saving, transparency and security. They will also hand hold the street vendors by performing penny drop transactions and any further support that is required to accept/pay digitally.