Cashless Economy

India's consumption is expected to become 50% cashless by FY26: Report

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

The cashless economy: Sweden's switch to digital tells a cautionary tale

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

Less-cash society more achievable than cashless: E-payment leaders

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

RBI enhances cap on amount for e-RUPI vouchers from Rs 10,000 to Rs 1 lakh

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

We have become a less cash economy: Chidambaram's dig at Centre

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

Govt to fine firms with over Rs 50 cr revenue for not accepting UPI, RuPay

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

Digital transactions to grow as cash usage attracts more compliance

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

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

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

Cash and monetary policy

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

Why a flower farmer cannot join the cashless economy, a year after note ban

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

Jaitley advocates for digital economy, says terror, graft thrive on cash

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

How not to usher in a cashless economy

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

After Nuagaon's success, Odisha set to have eight more cashless villages

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

US must learn from PM Modi's move toward cashless society: Expert

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

Retailers can now fight note ban pinch with IDFC Bank's Aadhaar Pay

Merchants can use a retailers' smartphone to enable digital payments

Dependence on cash economy encouraged terrorism: Jaitley

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

Cashless economy: India to see 65% rise in mobile frauds in 2017

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