Cashless Economy

Timelines
#FinancialBytes: All you need to know about virtual credit cards

23 Nov 2019

#FinancialBytes: All you need to know about virtual credit cards

Credit cards have become a popular cashless payment method because of the convenience they offer, especially for online transactions.

#FinancialBytes: All you need to know about virtual credit cards

09 Jun 2019

#FinancialBytes: All you need to know about virtual credit cards

Credit cards have become a popular cashless payment method because of the convenience they offer, especially for online transactions.

#FinancialBytes: 5 credit card charges, fees you should know about

14 May 2019

#FinancialBytes: 5 credit card charges, fees you should know about

Credit cards are one of the widely-used cashless payment methods in this digital era because of the convenience they offer.

#FinancialBytes: Why you should choose credit cards over debit cards

13 Jun 2018

#FinancialBytes: Why you should choose credit cards over debit cards

On the surface, both credit and debit cards are almost identical- both are plastic money, carry 16-digit card number, expiry date and PIN codes.

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

02 Jun 2018

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

13 May 2018

#FinancialBytes: 6 smartphone apps necessary to live a cashless life

The Modi government's 2016 demonetization drive paved the way for cashless transactions in India and ever since the digital payments ecosystem has evolved dramatically.

Manipur's Karang is India's first cashless island

22 Apr 2018

Manipur's Karang is India's first cashless island

PM Narendra Modi handed out awards to bureaucrats yesterday for efficient implementation of select government programs, including Digital India.

#BusinessBytes: All about the top 7 debit cards in India

16 Apr 2018

#BusinessBytes: All about the top 7 debit cards in India

Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.

UP liquor shops to now introduce cashless payments

03 Feb 2018

UP liquor shops to now introduce cashless payments

It is now mandatory for all liquor retailers in Uttar Pradesh to install point of sale (PoS) machines to enable electronic payments through credit/debit cards, as per the new state excise policy.

Booking train tickets through BHIM/UPI: All about the new system!

05 Dec 2017

Booking train tickets through BHIM/UPI: All about the new system!

The Railways now allows passengers to book train tickets from counters and pay via UPI/BHIM. The facility was already available on online booking on the IRCTC website from before.

Finance Ministry refutes reports about banning of cheque books

24 Nov 2017

Finance Ministry refutes reports about banning of cheque books

After reports emerged that the government might ban cheque books, the Finance Ministry has denied any such proposal under consideration.

Govt to now end cheque books in India? Know more.

21 Nov 2017

Govt to now end cheque books in India? Know more.

According to Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, the Indian government is mulling yet another disruptive move towards a cashless economy: abolishment of the cheque book.

Demonetization plays cupid, inspires couple to have cashless wedding

09 Nov 2017

Demonetization plays cupid, inspires couple to have cashless wedding

Despite it being an unwelcome struggle for most, demonetization has affected people's lives in several unexpected, unique ways.

Digital transactions have shot up by 77 times since demonetization

06 Nov 2017

Digital transactions have shot up by 77 times since demonetization

PM Modi's demonetization drive may not have been as effective in tackling black money as it intended to, but it has served as a definitive catalyst in pushing India towards being a cashless economy.

Demonetization: Number of ATMs fall by 0.16% in rare trend

28 Oct 2017

Demonetization: Number of ATMs fall by 0.16% in rare trend

A new trend in ATMs shows how Indians are going for cashless payments, particularly after demonetization.

Indian Government saved $9bn through Aadhaar scheme: Nandan Nilekani

13 Oct 2017

Indian Government saved $9bn through Aadhaar scheme: Nandan Nilekani

The Aadhaar scheme has helped India's government save $9bn by eliminating fraud in financial distribution system said Aadhaar's architect, Nandan Nilekani.

Independence Day: Government to give higher cashbacks to BHIM users

07 Aug 2017

Independence Day: Government to give higher cashbacks to BHIM users

Get ready to have cashbacks as rewards this Independence Day as the government is all set to offer some if you opt for digital transactions using the BHIM App.

Uber, Amazon, Google: Big players taking to UPI

11 Jul 2017

Uber, Amazon, Google: Big players taking to UPI

Uber and Amazon are planning to launch the unified payment interface (UPI) on their platforms soon.

China's cashless economy is a valuable lesson for India

30 May 2017

China's cashless economy is a valuable lesson for India

The NDA government is pushing for a cashless economy and we may achieve it eventually in the future but right now, the focus is on how one of the biggest economies, China, has gone cashless, its benefits and disadvantages.

Cyber crimes in a cashless economy

28 May 2017

Cyber crimes in a cashless economy

The constellation of interconnected e-wallets, mobile banking, and social media that has come to characterize the drive towards a cashless economy has created conditions in which cyber crime is thriving.

Alipay wages war against Apple Pay for US market

10 May 2017

Alipay wages war against Apple Pay for US market

In a move to expand to the international market, Alipay, operated by Ant Financial, has sealed a deal with First Data, giving it access to four million retail partners and will now compete with the likes of Apple Pay.

Demonetization - Cash making a comeback

09 May 2017

Demonetization - Cash making a comeback

Data from the Reserve Bank of India have indicated that cash withdrawal levels for March 2017 were 0.6% higher than that of last year, suggesting that cash withdrawal levels from ATMs have normalized.

Thumbs up, Mastercard! Fingerprint sensor-enabled payment cards unveiled

21 Apr 2017

Thumbs up, Mastercard! Fingerprint sensor-enabled payment cards unveiled

Mastercard unveiled the gen-next biometric payment card featuring a built-in fingerprint sensor after successful-trials in South Africa.

SBI begins charging people for credit card payments

19 Apr 2017

SBI begins charging people for credit card payments

In a new initiative, SBI Card, the bank's credit-card wing, will charge users a Rs. 100 fee for all credit card payments under Rs .2000.

New BHIM-Aadhaar platform for merchants

14 Apr 2017

New BHIM-Aadhaar platform for merchants

PM Narendra Modi will launch a new BHIM-Aadhaar platform for merchants, on the 126th birth anniversary of Dr Bhim Rao Ambedkar.

New features to be rolled in the BHIM app

08 Mar 2017

New features to be rolled in the BHIM app

Continuing its aim of digitalization, the government has directed all banks to activate Aadhaar Pay, which enables transactions through fingerprints, by March end.

Bharat Interface for Money (BHIM) launched on iOS

13 Feb 2017

Bharat Interface for Money (BHIM) launched on iOS

Bharat Interface for Money (BHIM), designed by the government to urge Indians to make cashless transactions, was launched on the iOS platform on Sunday.

BHIM becomes most popular Android app

02 Jan 2017

BHIM becomes most popular Android app

Days after being launched, the government's online payments app BHIM (Bharat Interface for Mobile) has become the most popular Android app in India.

Modi launches BHIM app for e-transactions

30 Dec 2016

Modi launches BHIM app for e-transactions

PM Modi launched a new application to facilitate e-transactions called Bhim (Bharat Interface for Money); it is said to be a modified version of the UPI and USSD.