The Reserve Bank of India will begin printing the new Rs 200 notes around June but is the design for the newly minted note already out?
Banks including HDFC Bank, ICICI Bank and Axis Bank at present charge a minimum Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
Data can be used for both good and bad. In a country that’s only recently taken its first steps towards its digital future, an understanding of the dangers, as well as advantages, of this digital world is paramount.
Finance Minister Arun Jaitley on Wednesday announced two new schemes to boost the adoption of BHIM (Bharat Interface for Money) digital payment app.
A committee of chief ministers and experts have submitted an interim report on the steps the government can take to transform India into a less cash economy.
The Finance Ministry on Wednesday clarified that a final call on the recommendations of the panel of Chief Ministers, which includes a tax on cash transactions above Rs 50,000, is yet to be taken.
Prasad was speaking at a session on 'IT-ITeS and ESDM: The next era of State's Growth and Innovation' at Pravasi Haryana Diwas-2017, in Gurugram.
Maharashtra government would hold 'Digi Dhan Mela' on January 3 to promote digital payment. There would be over 50 stalls with variety of products such as electronic goods, foodstuffs, textiles, handicrafts, fashion accessories, etc, on sale.
While carrier billing was also rolled out, it was limited to Idea network users. Today the carrier billing option seems to have expanded for Airtel and Vodafone postpaid customers as well.
Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline - 14444 - for addressing all queries on digital payments, as government takes strides to push for more digital transactions post demonetisation.
As digital payments go up post-demonetisation, the country needs separate digital payment laws and digital payment courts should be established across India along with an appropriate legal framework, the CMAI Association of India (CMAI) said on Wednesday.
The mobile-wallet market in India is expected to grow at over 190 per cent to reach Rs 1,512 billion by financial year 2022 from the current level of about Rs.1.5 billion, says a study conducted jointly by trade body Assocham and business consulting firm RNCOS.
Delhi administration's move comes in line with the Centre's decision to promote digitisation of payments following the announcement to demonetise higher currency notes.
India's trading community has decided to throw its weight behind Prime Minister Narendra Modi's push for a cashless economy by vowing to adopt e-payments.
With the surge in digital transactions via e-wallets and other online payment gateways, mobile frauds are expected to grow to 60-65 per cent in the country by 2017, a leading industry body said on Monday.
POS machines has benefits for everyone---automatic accounting at both the ends -- i.e. the establishment and bank,
According to the National Retail Federation, 20-40 percent of yearly sales for small and mid-sized retailers take place over the last two months of the year.
Cash is king in India. However, the Indian government’s recent ban on the Rs 500 and Rs 1000 currency notes is a major step towards rapidly embracing a digital (cashless) economy.
Becoming the first payments bank to go live in the country, the mobile service company said Airtel Payments bank will be offering banking services on a pilot basis in Rajasthan