The device resembles a calculator and will be helpful for a wide range of traders as the merchant does not need an internet connection to use it
Madhya Pradesh achieved the top rank on the basis of 109 key performance indicators
India is on track to become the seventh largest e-commerce market in the world by 2021, worth US$ 104 billion
The MoU between the state government and SBI will facilitate revenue collection from citizens through digital modes of payment
A joint study by a global financial major and Roubini ThoughtLab concluded that four of India's biggest metros could gain immensely by shifting to digital modes of payment
Vizag's progress towards becoming India's first cashless city received a bigger boost with the introduction of communication cards on buses
Mastercard and Andhra Pradesh have signed a two-year memorandum of understanding (MoU) to create a digital ecosystem in the state
The Reserve Bank of India's revised directions to allow inter-operability among prepaid payment instruments, thus allowing the growth of digital payments across the country
Tez from Google is powered by Unified Payments Interface (UPI) and allows users to make small or big payments directly from their bank accounts
Designed for the Indian market and built on the government-supported Unified Payments Interface (UPI), Tez allows users, free of charge, to make small or big payments straight from their bank accounts
With WeChat and Hike Messenger already launching UPI-based payment apps, other big players may foray into the digital payments scenario soon
All customers who have opened their bank accounts with Paytm Payments Bank will receive the RuPay digital debit card
In fiscal 2017, over 60 per cent MFIs disbursed loans through cashless means of which nearly 88 per cent were through NEFT/IMPS
The digital transactions can be made via an app-based solution through smartphones, and also by installing a device which will accept payments through all digital wallets, debit and credit cards
The integration of Unified Payments Interface for Uber cabs will allow users to pay for rides using UPI enabled apps like BHIM
NDTV along with MasterCard is launching a multi-platform campaign “Cashless Bano India”, to create digital awareness and educate the masses about digital payment solutions for day to day transactions.
The campaign aims to take the message of a cash free India to the country, and will charter a blue print which can help all stakeholders to become a part of the digital revolution.
It also focusses on the steps we need to take to ensure digitisation reaches the common man, and what are the problems which each one of us face on day to day basis?
We aim to reach out to people and educate them on:
1). Digital and financial literacy
2). New generation digital payment solutions
3). Enabling merchants and consumers to understand and adopt secured and safe payment Solutions
4). Ease of usage at point of sales