Cashless Economy

There will be some 350 mn digital consumers in 'cash displacement market' in three years

Sweden's an extreme case: It's a small, tech-savvy economy. But the direction of travel is the same everywhere, accelerated by a pandemic that saw QR codes replace restaurant menus

''When we talk about cashless society, we are not talking about people in Mumbai. We are talking about people who are in the hinterland''

Launched in August 2021, e-RUPI is a one-time use digital solution to facilitate cashless payment.

Senior Congress leader P Chidambaram on Friday attacked the Modi government over demonetisation and raised questions over its goals, pointing to the 'rise' in cash in circulation. "Five years after the infamous demonetisation, what is the status of the lofty pronouncements of the Modi government," he asked on Twitter. "Mr (Narendra) Modi first said that we must become a cashless economy! Within days he realized it was an absurd goal. He modified the goal to a less-cash economy! At the time of demonetisation, cash in circulation was about 18 lakh crore. Today, it is 28.5 lakh crore!" he tweeted. "Thanks to high unemployment and inflation, the poor and the lower middle class earn less cash and spend less cash. We have indeed become a less cash economy! Three cheers!" the former finance minister said. Five years after demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless paymen

Companies with turnover of over Rs 50 crore to pay Rs 5,000 per day as penalty

Digital transactions to become cheaper and more merchants to accept electronic payments

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

In a cashless economy, it would be difficult to distinguish electronic money from interest-bearing electronic bonds, and monetary policy would not be feasible

Traders say farmers still want them to pay cash because the amount is usually too small

Jaitley advocates for digi-economy, says terror, graft, crime thrive on cash

Three years is a long enough time to assess the initiatives of the government

Nodal agency to work with banks to help villages go digital; next step: take cashless across state

There is no technology barrier to prevent a UPI from working in the US: Expert

Merchants can use a retailers' smartphone to enable digital payments

FM slammed Opposition saying they misunderstood the meaning of 'cashless economy'

Post demonetisation there has been a surge in digital transactions via e-wallets and other online payment gateways