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
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
With Hike Messenger and WeChat already launching their e-wallets in India, WhatsApp's entry into the digital banking market will see a rise in competition among messaging apps backed e-wallets
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