Electronic transactions are rising fast, so are cases of payment failure and delayed settlement
Event would be followed in 100 different cities across India over the next 100 days until March
The plan is to make 100 villages rely less on cash before the system is introduced in urban and metropolitan areas,
The benefit will be notified by Oil PSU firms in coming days & it will be with effect from January 1, says Himanta Biswa Sarma
This is a dangerous trend when the country still lacks proper infrastructure and legislation to fight against cyber criminals
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts
A single UPI platform is being developed for all banks as against the existing system of individual platform
While investments in the space fell to $127 million in the 3rd quarter, down from $157 million in the previous quarter
When you start using digital payment options, your household budget is likely to shoot up
Online marketplaces and mobile wallets finding more ways to cash on currency ban windfall
Emerging economies have a negligible penetration of digital payments - less than 1 per cent of total transactions
Key factors include technology, customer expectations, global demographics, e-commerce and the growing impact of regulation
As UPI gets popular, cash transactions will come down as most small payments will be routed through this