Payments Council Of India

Online transactions on the rise, but cash is still king

The adoption rate of online platforms was high during the demonetisation period, but it plateaued out as soon as cash became available in the system.

Union Budget 2017: Payments industry hails sops, cap on cash withdrawals

Finance Minister Arun Jaitley's other proposals include launch two new schemes to promote the usage of the BHIM app including referral bonus and cash back for merchants.