Cashless payments are becoming increasingly popular. They offer convenience and speed. Digital wallets and mobile apps facilitate transactions. This trend reduces the need for physical cash. It also enhances security against theft. However, challenges remain. Not everyone has access to technology. Some people prefer traditional methods. The shift towards cashless systems reflects changing consumer behaviour. It impacts the economy and financial inclusion.
State Bank of India (SBI) has unveiled the 'Nation First Transit Card,' a RuPay prepaid instrument operating within the National Common Mobility Card (NCMC) framework for nationwide use....
Interoperability, in the context of payment systems, refers to the technical compatibility that allows different payment systems to seamlessly work together. It is of paramount importance for the...
India Post Payments Bank (IPPB) achieved its first operational profit of Rs 20.16 crore in 2022-23, showcasing commitment to inclusive banking. Launched in 2018 with government ownership, IPPB...
The PM SVANidhi (Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi) scheme, launched by the Ministry of Housing and Urban Affairs on June 01, 2020, has emerged as a lifeline...
In recent years, India has witnessed a remarkable surge in the adoption of digital payments, with various initiatives and technological advancements transforming the way transactions are conducted. According...
The Reserve Bank of India (RBI) is taking a major step towards promoting digital transactions in India by launching a pilot project for QR code-based coin vending machines...
The Union Government has approved measures to promote payments through cards and other electronic means to check tax evasion and transition towards a cashless economy. The essential steps...
National Highways Authority of India (NHAI) has issued guidelines for Toll centres related to reducing waiting time to 10 seconds per vehicle even during the peak hours of...
Recent reports reveal that the Reserve Bank of India (RBI) is considering extending its payment system worldwide in response to solicitations from various countries. Inquiries for Adoption of...
In a significant move towards the promotion of digital transactions, businesses with an annual turnover exceeding ₹50 crore will now be obligated to offer low cost digital payment...
