A total of 81 cashless townships have been developed by Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) across 12 states in India
Digital transactions increased by 55 per cent in 2016-17, India import Point of Sale (PoS) machines as the local production has not caught up with the increased demand
The National Payments Corporation of India has been approached by Nepal and Bhutan for a collaboration related to using of digital payments service
India saw an increase of 55 per cent in digital payments in 2016-17, compared to the previous year
After the country's largest lender waived charges for fund transfer of up to Rs 1,000 done through Immediate Payment Service (IMPS), State Bank of India will cut charges on electronic transfer of funds through National Electronic Funds Transfer (NEFT) and Real-time Gross Settlement (RTGS) by up to 75 percent from July 15
A web-based system of communication between private hospitals and railway authorities has been developed wherein identity of the beneficiary shall be established using biometrics stored in Aadhaar (UIDAI) server
For IMPS, charge will be Rs. 5 along GST for fund transfer in the range of Rs 1,000 to Rs 1 lakh. The charge will go up to Rs 15 for transactions of Rs 1-2 lakh
Out of 10 crore small traders in India, only 1.5 per cent opt for digital payments, thereby excluding a large segment of them from cashless transactions
National Payments Corporation of India said that Google has completed the testing of its Unified Payments Interface payment service and is now awaiting RBIs approval to launch its service in India
Following Hike Messenger, many other messaging apps are expected to launch their digital payments services later this year
175 newly appointed IAS officers to get more hands on exposure to government's key initiatives to give a boost to cashless economy
To incentivise payments made through digital modes for booking of reserved tickets, online through IRCTC, have extended the waiver on service charges
From buying tickets, food items at catering stalls to paying at luggage and parcel counters, the stations going cashless have facility for making these payments through credit cards or mobile wallets
Fees on digital transactions is hampering with the adoption of digital modes of transaction in India. To address this problem, government will soon roll out a policy to deal with the fees charged on different modes of digital transaction
Digital Sakhi will train around 100 women from 32 villages to familarise themselves with the core concepts of digital finance
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