Cashless Transactions

The currency in circulation had jumped by over Rs 4 trillion in 2020-21, while the increase tapered to Rs 2.80 trillion in the last financial year

With nearly 60 lakh transactions, the per day toll collection through FASTag crossed the highest ever mark of Rs 95 crore on February 17, 2021

The scheme assumes significance as India accounts for about 500,000 road accidents per annum, one of the highest globally, in which about 150,000 people are killed and about 300,000 are crippled

Some countries have already quarantined cash, while others like South Korea, have burnt, or high-heat laundered their notes

A new mobile-first authentication solution rolled out by the payments major allows such transactions only for deals below Rs 2,000

State beats March deadline set by dept of consumer affairs, goes cashless in all 17,250 centres

Losing a phone has become even more costly after the government's push for a cashless society