Cashless Transactions Current Affairs, GK & News

MOPAD: SBI launches unified payment terminal

August 9, 2018

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 providing digital convenience to customers and ease of doing business for merchants at the same time. SBI will roll-out this new initiative on all SBI PoS terminals in ..

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PM launches cashless/less cash township models across 12 states

April 15, 2017

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, Uttar Pradesh, Madhya Pradesh, Maharashtra, Bihar and Chhatisgarh. The model of cashless/less cash township was developed by Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) across these ..

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Union Government constitutes Amitabh Kant Committee to push cashless transactions

November 26, 2016

The Union Government has constituted a new committee to form a strategy to expedite the process of transforming India into a cashless economy. The committee will be headed by Niti Aayog CEO Amitabh Kant. It has been tasked with identifying various bottlenecks affecting access of digital payments. Terms of Reference of Committee Identify and operationalise ..

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Union Cabinet gives nod to incentivise cashless transactions

February 25, 2016

The Union Cabinet has given its approval for introduction of steps for promotion of cashless payments (transactions) through cards and digital means. In this regard, various short and medium term measures have been approved for implementation by the Government Departments, Ministries and Organisations. The essential feature of the approved proposal include Steps for withdrawal of ..

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