External Affairs Minister S Jaishankar drew an analogy while describing the country's growth in digital public infrastructure and said that the number of cashless transactions the United States does in three years, India does in a month.

India is moving ahead to record the largest number of cashless transactions in the world, External Affairs Minister S Jaishankar said today at the 'Raisina@Sydney' Business Breakfast.

As the use of cash has decreased in recent years, Denmark has had its first year without bank robberies.

UPI and other non-cash payments will account for 65 percent of all the transactions by 2026, estimated a report by BCG and PhonePe. The report also said that the digital payments industry will be provide $10 trillion (roughly Rs. 7,75,40,800 crore) opportunities in next four years.

Prime Minister Narendra Modi on Monday, August 2, launched e-RUPI, a digital payment solution powered by the government’s UPI platform. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.

As we slowly move towards a cashless economy, we must also make sure we take the right precautions so as to not get defrauded

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

Even more than three years after demonetisation and all-out efforts to make most transactions through electronic, cash is still king, as it thrives in a digital India, said fintech start-up Paytm founder Vijay Sekhar Sharma.

FASTag, the system that uses radio frequency identification (RFID) technology to enable cashless toll payments, comes into force today. The prepaid tag, which is affixed on vehicle's windscreen and enables automatic transaction at toll plazas, is designed to bring a seamless experience for commuters.

India's first Radio Frequency Identification (RFID) fuel payment solution, HP Fastlane has expanded its operations to Pune, having established presence in Mumbai, Navi Mumbai and Thane regions in Maharashtra. The initiative has been made in collaboration of Hindustan Petroleum Corporation Limited (HPCL) and AGS Transact Technologies Limited (AGSTTL), wherein the app-b...

Giving a fresh push to digital transactions, Prime Minister Narendra Modi this morning in his Independence Day address gave the motto of "yes to digital payment, no to cash".

The GST Council today cleared a proposal to offer cashbacks to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.

Capacity of ticketing increased from 2,000 tickets per minute in 2014 to estimated 20,000 tickets per minute in 2018, said IRCTC.

India is aiming to be a digital economy and a less-cash society. But the aim of digital transactions for curbing corruption and ensuring transparency can be fully achieved only when citizens in the remotest corners of the country are able to carry out cashless transactions.

"India will make credit cards, debit cards and ATMs technologically redundant in next 3-4 years and we all will be using mobiles for doing many transactions," Kant said.

In Misirpur -- the first cashless village in Prime Minister Narendra Modi's Lok Sabha constituency Varanasi -- life has come a full circle for Asha Devi. The 70-year-old became a media celebrity last year, posing with and even using a Point of Sale Machine, better known as a swipe machine, egged on by eager bank officials.

The 'silk and milk' village of Vondaraguppe, in Karnataka's Ramanagara district, is going cashless. Or at least that is the aim as part of the central government's push toward a digital, cashless society. The reality is that while many are enjoying the advantages of digital transactions -- including dairy farmers and pensioners -- it isn't quite so easy to say goodbye...

Ranging from the digital wallets to SMS cash transfers, a wide variety of payment options are available for SBI customers.

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

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