Cashless Economy: Latest News and Updates, Top Stories, Videos, Photos About Cashless Economy

RBI Steps In With These Measures To Make Digital Transactions Safer

To minimize the risk of fraud associated with digital payments transactions and to ensure safety of financial data of customers, RBI in a notification 'Guidelines on regulation of payment aggregators and payment gateways' dated March 17, 2020 issued a slew of ...

Fastags To Facilitate Fuel Buying; IDFC First Bank To Offer Such Cards

In a major step, Fastags that until now served to make toll payments on the highway will also enable you to buy fuel. And in a first, IDFC First Bank has got the central bank's approval in this regard. While the ...

Few Of The Common Situations Where TDS Is Deducted

To encourage the shift towards a cashless economy and hence boost digital payments, Nirmala Sitharaman in her maiden budget presented on July 5 announced a levy of 2% TDS (tax deducted at source) on withdrawals of more than Rs.1 crore in ...

SBI Launches New Digital Transaction MOPAD Device

Leading state-run lender in a bid to boost digital transaction has introduced yet another digital initiative called Multi Option Payment Acceptance Device or MOPAD. The device when configured on a point of sale terminal will facilitate customers to make payments via ...

SEBI Bars Payments In Cash As It Pushes Digital India

As the market regulator SEBI is on the path to promote Narendra Modi led ‘Digital India' initiative, it has barred stock brokers to receive direct cash into their bank accounts. Also, cheque drawn by the clients in their favour will only ...

Union Budget 2018: Some Measures That May Strengthen Digital Payments

Digital or cashless economy propaganda has been doing the round since last two years or so and the endeavor is aimed to stop illicit practices and using black money for various dealings and hence better compliance and accounting. First and foremost ...

How Users And Merchants Can Enable BHIM UPI On Paytm?

To boost up its user base who transact or make payments digitally, Paytm, the country's largest wallet company has introduced BHIM UPI interface on its platform. Currently, mobile wallets lack interoperability i.e. payment cannot be initiated and executed from one ...

SBI And Other Banks To Charge For P2P Transfers Via UPI-NPCI To Intervene

National Payment Corporation of India, the agency for digital payments in the country, that introduced the Unified Payments Interfac for tendering of payments via digital mode is likely to take a hit at the bank's call who now begun to charge ...

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