Tata Consultancy Services modernises 1.5 lakh post offices under multi-year deal with India Post
In 2013, TCS had announced receiving an over Rs 1,100- crore multi-year contract from the Department of Posts
SBI's one-stop solution YONO Cash helps customers withdraw money without using debit cards
Customers of SBI can use the YONO app on their smartphones to withdraw cash from SBI ATMs, or YONO Cash Points,
Tokenisation of debit and credit cards: All you need to know about how to do transactions through mobiles and tablets safely
Tokenisation differs from encryption significantly.
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc.
Digital transactions volume 'leapfrogged' by 3 years post-demonetisation, says SBI report
Increasing number of PoS terminals and ease of doing digital transaction will increase this level further, SBI report said
Demonetisation impact: 12.54 lakh swipe machines added in January-March, says finance ministry
To augment card acceptance infrastructure for use of debit cards, a major drive was undertaken between December 2016 and March 2017, resulting in an increase in PoS terminals
Demonetisation: Cash is back, punching holes in Modi’s 'cashless' plan, and it's not a surprise
After note ban spike in digital transactions was mostly due to lack of an alternative option. When cash returned, people went back to their old ways
Banks told to instal 10 lakh more point-of-sale terminals in 4 months to expand digital payments
To encourage purchase of PoS machines, the excise duty payable on acquisition of POS machine which was earlier 16.5 per cent has been waived till March 31
