Cashless payments News

The report indicates that in 14-29 years age group in rural India, only 18 percent were able to operate a computer.

Indigenous digital payments app BHIM, which the government launched last December for fast and secure cashless transactions, has recorded 17 million downloads so far, Niti Aayog CEO Amitabh Kant today said.

Majority of consumers in the country are ready to move away from cash and adopt mobile payments for their purchases, says a report.

With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

Petrol pumps have deferred their decision to not accept cards payments from Monday as banks have postponed their decision charging fuel retailers a transaction fee till January 13.

The next lot of winners under lucky Grahak Yojana Will be announced in Amritsar on Friday.

Prime Minister Modi is soon going to announce lucky draws for boosting cashless transactions.

Eazypay offers customers the improved convenience of paying by using their mobile phone through Unified Payment Interface (UPI), any credit or debit card or Internet banking.

In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode.

In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode. 

The Prime Minister has urged the people to embrace increased cashless payments and integrate latest technology in their economic transactions.