Topic: Cashless Economy
FIRSTAP – India’s First Sticker-based Debit Card
IDFC First Bank, in association with the National Payments Corporation of India (NPCI), recently launched FIRSTAP – India’s first sticker-based debit card. What is a sticker-based debit card?...
Digital Payments grew 30.19% during the Financial Year ended March 2021: RBI
RBI data has showed that digital payments in India have recorded a growth of 30.19% during the financial year which ended on March 2021, Highlights The newly constituted...
UPI to be launched globally after hitting One Billion transactions in October
The Government of India in its major boost towards cash less digital economy launched the Unified Payments Interface (UPI) channel. The transactions through the channel has reached One...
MOPAD: SBI launches unified payment terminal
India’s largest bank State Bank of India (SBI) has launched its Multi Option Payment Acceptance Device (MOPAD) for digital payments convenience of merchants and consumers. It aims at...
NITI Aayog signs SoI with Sushant Singh Rajput to promote Women Entrepreneurship Platform
NITI Aayog has signed Statement of Intent (SoI) with noted media personality and entrepreneur Sushant Singh Rajput to collaborate and support its flagship Women Entrepreneurship Platform (WEP) initiative.... Government to bear MDR charges on transactions up to Rs.2000
The Union Cabinet has decided that Government will borne Merchant Discount Rate (MDR) charges on transactions up to Rs. 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled...
NHAI launches MyFASTag and FASTag Partner mobile apps
The National Highways Authority of India (NHAI) launched two mobile Apps – MyFASTag and FASTag Partner in to facilitate the availability of FASTags for Electronic Toll Collection (ETC)... PM launches cashless/less cash township models across 12 states
Prime Minister has launched 81 cashless/less cash townships across 12 states in Nagpur. The 81 townships included 56 in Gujarat and 25 in 11 states including Delhi, Gujarat,...
Government launches Bharat QR code
The Union Government has launched Bharat QR code, a quick response (QR) code to enable digital payments without card swiping machines. It is world’s first interoperable payment acceptance...
Union Cabinet approves ordinance to pay salaries by cheques
The Union Cabinet has approved a draft ordinance to empower states and allow industries to pay workers’ wages digitally, through a direct bank transfer to accounts or by...
Recommendations of Ratan Watal Committee for Digital Payments
The Committee on Digital Payments headed by Ratan P. Watal has submitted its final report to the Union Finance Ministry. It was 11-member committee notified in August 2016...
