The BHIM Aadhaar platform and application seek to minimize the role of plastic cards and point of sale machines, which hitherto are believed to be essential for cashless...
The Republic of the Marshall Islands (RMI) will become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called “Sovereign”...
Japan has officially recognized bitcoin and digital currencies as legal money along the lines of other fiat currencies with effect from April 1, 2017. The recognition comes after...
India has become the first country in the world to subsidise the use of digital cash after the government announced measures like discounts on online payments for insurance...
The ministry of electronics and information technology (MeitY) has launched a new TV channel named ‘DigiShala’ to promote digital transactions. DigiShala is a free-to-air channel to educate people...
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...
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...
The RBI asserted that it will not permit mobile network operators to offer cash-out or mobile wallet service. Why RBI has asserted this? As per RBI, mobile wallet...
