Cashless Transactions

Transaction volume rose 4.1 per cent from June and 22 per cent year-on-year as everyday digital payments and growing adoption beyond metropolitan markets supported growth

Euronet processed around 19 million consumer bill payments in March, marking a significant increase from 4.6 million in January, driven by the agreement with Paytm

Currently, only 63 per cent of customers avail cashless treatment, whereas the remaining 47 per cent opt for reimbursement claims

Exporters will also receive auto-generated foreign inward remittances advice (e-FIRA), the company stated

Indian e-commerce market will be worth Rs 900,000 crore then, says the research

The currency in circulation had jumped by over Rs 4 trillion in 2020-21, while the increase tapered to Rs 2.80 trillion in the last financial year

With nearly 60 lakh transactions, the per day toll collection through FASTag crossed the highest ever mark of Rs 95 crore on February 17, 2021

The scheme assumes significance as India accounts for about 500,000 road accidents per annum, one of the highest globally, in which about 150,000 people are killed and about 300,000 are crippled

Some countries have already quarantined cash, while others like South Korea, have burnt, or high-heat laundered their notes

A new mobile-first authentication solution rolled out by the payments major allows such transactions only for deals below Rs 2,000

State beats March deadline set by dept of consumer affairs, goes cashless in all 17,250 centres

Losing a phone has become even more costly after the government's push for a cashless society