Notes Ban Digital Payments
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Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
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Notes Ban, Aadhaar Spurred Digital Payments Growth: RBI
The study revealed that over the years, the number of debit and credit cards also increased considerably in India.
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2 Years After Demonetisation, Some Hits And Many Misses: Report
As the dust settles on the demonetisation episode, the data show it didn't weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi's plan. On the plus side, there's been some widening in the country's dismal tax base, an increase in digital payments and a drop in fake notes.
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Smriti Irani Launches 'Digital Rath' To Spread Awareness On Cashless Payments
Union minister Smriti Irani today flagged off a 'digital rath' as part of an initiative to accelerate adoption of cashless payments among merchants in various cities.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
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Transactions Through Cards Rise 7% Post-Demonetisation
The highest jump was witnessed in transactions through Unified Payments Interface - from one million per day in November 2016 to 30 million in May 2017.
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Service Charge Exemption On Train Tickets To Continue Till September
To promote digital modes of payment, the government decided post notes ban that service charge on online booking of train tickets would be withdrawn for tickets booked from November 23, 2016, to March 31, 2017.
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ATM Transactions Back To Pre-Note Ban Levels. Will Digital Payments Sustain Growth?
After falling by more than 60 per cent in the last months of 2016, cash withdrawals from ATMs have moved back to pre-demonetisation levels.
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Paytm Launches Payments Bank, To Open 31 Branches In A Year
Paytm became a household name across India after New Delhi's shock move to ban high-value currency notes late last year resulted in a cash crunch and boosted the use of its electronic wallet.
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Scrap 2,000 And 500-Rupee Notes: Chandrababu Naidu To Centre
Andhra Pradesh Chief Minister N Chandrababu Naidu today asked the Centre to scrap the banknotes of Rs 2,000 and Rs 500 denomination to speed up digital payments.
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Aadhaar-Enabled Payments Double, Digital Transactions Cross Rs 2,400 Crore Since Note Ban: Five Facts
Under the Lucky Grahak and Digi Dhan Vyapar schemes, 16 lakh customers and merchants have won Rs 258 crore of prize money.
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After Notes Ban, 18 Lakh Cases Of Income, Bank Account Mismatches Detected: Arun Jaitley
Speaking to the Lok Sabha, Finance Minister Arun Jaitley cautioned that with digitisation, the risk of tampering of technology also increases.
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Notes Ban: Government Spent Rs 94 Crores On Ads To Popularise E-Payments
Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed on Thursday.
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70% Businesses In Mumbai, Pune Say Note Ban Hit Them Hard
The respondents said the lack of supply of lower denomination notes resulted in more chaos.
-
Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
-
India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
-
Notes Ban, Aadhaar Spurred Digital Payments Growth: RBI
The study revealed that over the years, the number of debit and credit cards also increased considerably in India.
-
2 Years After Demonetisation, Some Hits And Many Misses: Report
As the dust settles on the demonetisation episode, the data show it didn't weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi's plan. On the plus side, there's been some widening in the country's dismal tax base, an increase in digital payments and a drop in fake notes.
-
Smriti Irani Launches 'Digital Rath' To Spread Awareness On Cashless Payments
Union minister Smriti Irani today flagged off a 'digital rath' as part of an initiative to accelerate adoption of cashless payments among merchants in various cities.
-
Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
-
Transactions Through Cards Rise 7% Post-Demonetisation
The highest jump was witnessed in transactions through Unified Payments Interface - from one million per day in November 2016 to 30 million in May 2017.
-
Service Charge Exemption On Train Tickets To Continue Till September
To promote digital modes of payment, the government decided post notes ban that service charge on online booking of train tickets would be withdrawn for tickets booked from November 23, 2016, to March 31, 2017.
-
ATM Transactions Back To Pre-Note Ban Levels. Will Digital Payments Sustain Growth?
After falling by more than 60 per cent in the last months of 2016, cash withdrawals from ATMs have moved back to pre-demonetisation levels.
-
Paytm Launches Payments Bank, To Open 31 Branches In A Year
Paytm became a household name across India after New Delhi's shock move to ban high-value currency notes late last year resulted in a cash crunch and boosted the use of its electronic wallet.
-
Scrap 2,000 And 500-Rupee Notes: Chandrababu Naidu To Centre
Andhra Pradesh Chief Minister N Chandrababu Naidu today asked the Centre to scrap the banknotes of Rs 2,000 and Rs 500 denomination to speed up digital payments.
-
Aadhaar-Enabled Payments Double, Digital Transactions Cross Rs 2,400 Crore Since Note Ban: Five Facts
Under the Lucky Grahak and Digi Dhan Vyapar schemes, 16 lakh customers and merchants have won Rs 258 crore of prize money.
-
After Notes Ban, 18 Lakh Cases Of Income, Bank Account Mismatches Detected: Arun Jaitley
Speaking to the Lok Sabha, Finance Minister Arun Jaitley cautioned that with digitisation, the risk of tampering of technology also increases.
-
Notes Ban: Government Spent Rs 94 Crores On Ads To Popularise E-Payments
Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed on Thursday.
-
70% Businesses In Mumbai, Pune Say Note Ban Hit Them Hard
The respondents said the lack of supply of lower denomination notes resulted in more chaos.
