Page 7 - Digital Transactions

Value of card transactions at PoS falls for 2nd month in row

The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in Feb

IT ministry to take over digital drive from NITI

Govt is trying to reduce its cash-GDP ratio to around 8% from existing 13%

IT ministry to promote digital transactions

President Pranab Mukherjee has given nod to change government of India

Hurdles in digital transactions temporary: NPCI

While interoperability already exists through UPI, KYC guidelines may need to be strengthened

Govt considering regulator for electronic payments

With digital transactions gaining traction

Centre asks states to incentivise digital transactions

Centre has launched a "massive drive" to promote payments through digital means, said Venkaiah Naidu

UPI to be available offline: Govt to make digital payments user-friendly

The upgraded version of UPI will have basic features such as ability to send or receive money, more

Govt says less tax for small traders on digital transactions

The decision has been taken to achieve the govt's mission of moving towards a cashless economy

Govt asks banks to install one million points of sale

There are about 1.5 million PoS terminals currently across merchants to facilitate card-based payments