The government will amend laws to enforce digital payment solutions
The standing committee backed the government’s proposal to impose a 17% tax on high-efficiency irrigation equipment. PHOTO: REUTERS The government is drawing up a comprehensive legal package to amend existing laws and empower local governments and provincial authorities to mandate the availability of digital payment solutions to businesses and retailers as part of its push towards a cashless economy. According to Treasury sources, a draft legal package is being developed to amend the Payment Systems and Electronic Funds Transfer Act, 2007 to make it mandatory for all businesses to offer at least one digital payment method – including QR code









