» Cashless Economy News

Cashless Economy

Will govt take measures to upgrade digital infra in Budget 2018?

Will govt take measures to upgrade digital infra in Budget 2018?

Thu, Jan 25, 2018

Transactions through digital means rose 6.05% to 1.06 billion in December 2017 from 997.1 million in November.

More >
No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

No counting machines, but sophisticated currency verification units being used for scrapped notes: RBI

Mon, Sep 11, 2017

Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have been scrapped)", the RBI clarified later this evening.

More >
Demonetisation may have hurt more than it helped

Demonetisation may have hurt more than it helped

Sat, Sep 02, 2017

It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the

More >
Has demonetisation helped India become a less-cash economy?

Has demonetisation helped India become a less-cash economy?

Fri, Sep 01, 2017

On November 08, PM Narendra Modi banned old Rs 500 and Rs 1000 with an objective to tackle black money, make India a cashless economy and expand the country's tax-base. 

More >
Online banking services: E-wallets vs Internet banking; which one should be in your smartphone

Online banking services: E-wallets vs Internet banking; which one should be in your smartphone

Sun, Aug 20, 2017

Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.

More >
SBI Card: Here are 10 key things about SBI Card Unnati

SBI Card: Here are 10 key things about SBI Card Unnati

Fri, Jun 02, 2017

SBI Card had earlier this year launched SBI Card Unnati wherein it has waived off Rs 499 on the subscription of this credit card for the first four years and users have to pay the renewal fee of Rs 499 only from the fifth year of its subscription.

More >
HDFC Bank introduces UPI platform on Chillr; likely to benefit 44 banks' customers

HDFC Bank introduces UPI platform on Chillr; likely to benefit 44 banks' customers

Fri, Apr 07, 2017

HDFC Bank on Friday announced the launch of Unified Payments Interface (UPI) on its multi-bank mobile payments banking app Chillr in Mumbai. 

More >
Majority of consumers willing to adopt mobile payments: Report

Majority of consumers willing to adopt mobile payments: Report

Sun, Feb 19, 2017

The survey asked 1,000 consumers about their attitudes towards using their mobile phones to make purchases. It found that 93% of respondents were interested in using electronic payments more often.

More >
Over 8 lakh people win Rs 133 crore under digital payment scheme

Over 8 lakh people win Rs 133 crore under digital payment scheme

Sun, Feb 12, 2017

"It's 50 days of our #DigiDhanMelas and over 8 lakh people have won Rs 133 crore already! 50 more days to go.", Niti Aayog said in a tweet.

More >
Banks rush to buy cyber security cover as digi payments rise

Banks rush to buy cyber security cover as digi payments rise

Sun, Feb 12, 2017

"We have always seen maximum security in all our IT systems. We are now considering to avail cyber insurance covers for our customers," SBI managing director Rajnish Kumar told PTI here.

More >
BHIM app now available on iOS platform

BHIM app now available on iOS platform

Sat, Feb 11, 2017

Finally iOS users can now send and receive money via BHIM app. They just have to download the app through App Store by searching ‘BHIM NPCI app’ . After installing, the icon will appear on your iPhone. However, BHIM does not work on the non-cellular iPAD’s. 

More >
Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Mon, Jan 23, 2017

Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.

More >
Over 3 lakh consumers & 20,000 merchants receive prizes worth nearly Rs 61 crore in govt's digital payment schemes

Over 3 lakh consumers & 20,000 merchants receive prizes worth nearly Rs 61 crore in govt's digital payment schemes

Thu, Jan 19, 2017

Over 3 lakh consumers and more than 20,000 merchants have received prizes worth nearly Rs 61 crore at the government's recently started digital payments scheme titled 'Digi-Dhan Melas'. 

More >
PM Modi launches UPI app BHIM; here's how to use it

PM Modi launches UPI app BHIM; here's how to use it

Fri, Dec 30, 2016

All the banks, which are currently live on UPI, have been listed in the Bharat Interface for Money app. 

More >
With 950 million Indians without internet digital drive needs reality check: Report

With 950 million Indians without internet digital drive needs reality check: Report

Mon, Dec 26, 2016

Internet penetration in India still remains to be one of the biggest problem to moving to a cashless economy.

More >
Know everything about how to use Aadhar app to make payments

Know everything about how to use Aadhar app to make payments

Sun, Dec 25, 2016

With its vision to make India's cashless economy, the government is set to launch 'Aadhaar Payment App' on Sunday. 

More >
After corruption charge, Modi mocks at Rahul

After corruption charge, Modi mocks at Rahul

Thu, Dec 22, 2016

"Had he not spoken, the county would have faced a big earthquake. And the country could not have recovered for 10 years," Modi said sarcastically at an event at the Banaras Hindu University (BHU) in Varanasi, his Lok Sabha constituency.

More >
Are you an SME? We explain how to take advantage of income tax on digital turnover

Are you an SME? We explain how to take advantage of income tax on digital turnover

Wed, Dec 21, 2016

Earlier this week, finance ministry had rolled out a benefit of lower income tax rate, under section 44AD, for small businesses with turnovers up to Rs 2 crore if it were in digital/banking transactions. 

More >
Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Cess on cash handling, levy on digital payments minimal, says Amitabh Kant

Sat, Dec 17, 2016

Cash shortage following the demonetisation of high value currency notes will end by mid-January, NITI Aayog CEO Amitabh Kant said on Friday while hinting that cash handling would be dearer in future by way of a cess.

More >
Now, pay via Paytm without an internet connection

Now, pay via Paytm without an internet connection

Wed, Dec 07, 2016

In an attempt to support the Government of India's cashless economy move, online payments company Paytm on Wednesday launched payments method on feature phones for non-internet users. 

More >

By continuing to use the site, you agree to the use of cookies. You can find out more by clicking this link

Close