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

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 cashback scheme for accepting payments through BHIM app was originally supposed to last till October 2017 to encourage merchants to use the app for transactions

The mobile wallet will allow BSNL subscribers to pay bills, as well as pay for their daily purchases across various merchant outlets

The facility enables customers to scan the QR code with BHIM or any UPI enabled app and pay the required amount

Mastercard was instrumental in the development of Bharat QR code, which allows users to make instant payments across merchant outlets

The decision to roll out point-of-sale machines for direct transfer of fertiliser subsidies is seen as a move to encourage digital transactions in rural areas

The BHIM app developed by the National Payments Corporation of India has found favour among users, especially since its referral programme allows people to earn more money

A total of Rs 865.9 crore worth of digital transactions across all banking platforms were recorded in India in the financial year of 2016-17, according to Niti Aayog

The deal will bring further intensify the existing competitive atmosphere among digital wallets in India, the usage of which has seen a boost post demonetisation

The service charges on booking of railway tickets via cashless methods has been waived off till September 2017

To encourage more people from using BHIM, a referral system is in place which allows the referrer and referee to earn extra money

Number of fraudulent transactions have come down despite Rs 12,000 crore worth of digital transactions every year

The number of digital transactions has come down from 119.07 crore in March 2017 to 118.01 crore in April and further to 111.45 crore in May

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