Canara bank launched two digital products: Bharat QR and Bharat Bill Payment System (BBPS) for online payments

The Canara Bank has recently launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System (BBPS) is an integrated bill payment system for Net banking customers. The first service is a ..

Govt to launch Lucky Grahak Yojana, Digi-Dhan Vyapar Yojana

The government will launch Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to encourage people to move towards digital transactions by offering incentives. The government wants both consumers and merchants to shift to digital payment methods. Under ..

Tripura to opt for cashless payment system in public transactions

Tripura Government has decided to opt for cashless payment system in public transactions beginning this New Year. To this effect, the government has initiated the process of opening bank accounts including RuPay cards for nearly 20% people who does not ..

Watal Committee recommendations for a cashless India

A 11-member committee set up under former finance secretary Ratan Watal on August 23 to suggest ways of promoting digital transactions in the country has submitted its report to Finance Minister Arun Jaitley. The following are the list of suggested recommendations: ..

Vittiya Saksharta Abhiyan launched by Central Government

India is witnessing a paradigm shift towards a digital economy and a major financial revolution. In pursuit of its efforts to move towards a cashless economy the Government of India has launched “Vittiya Saksharta Abhiyan” to promote active participation of ..

FM asks banks to push for cashless transactions

Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian ..