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CASHLESS TRANSACTIONS
CAIT backs nominal MDR on high-value UPI transactions if proposed, says await bill detailsThe Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is cont...- Rs 5.13 cr fine imposed on catering firms for poor food quality in trains, unhygienic pantry cars: VaishnawIndian Railways imposed ₹5.13 crore in fines on catering service providers over three years after complaints about food quality and hygiene...
- Emirates now accepts cryptocurrency for flight bookings; here's how it worksEmirates has launched Crypto.com Pay as a payment option on its website and mobile app, allowing eligible UAE residents to pay for flight b...
- India's energy storage capacity expected to rise more than tenfold by FY2035-36: MoSPIIndia's energy storage requirement is projected to increase more than tenfold over the next decade, rising from 87 GWh in 2027-28 to 888 GW...
- Bharti Airtel raises stake in Airtel Africa to 79 per cent in transaction worth Rs 28,000 crBharti Airtel has significantly boosted its stake in Airtel Africa to approximately 79 percent through a Rs 28,200 crore share-swap deal. T...
- Airtel secures nearly 100% investor support to raise Airtel Africa stake to about 79%Bharti Airtel shareholders have overwhelmingly approved a plan to increase its stake in Airtel Africa Plc. This strategic move involves a c...
- China's Tencent to allow PayPal payments through its WeChat networksChinese tech giant Tencent is enabling PayPal users to pay with QR codes across China through its WeChat Pay network. This move aims to att...
- Satya MicroCapital collects Rs 100 crore through cashless transactions18% was collected by the MFI in the first year of its operations, 40% in the second year and 42% during the first half of 2019.
- Postal department, SBI join hands to promote cashless transactionsDepartment of Posts has joined hands with SBI to promote 'SBI buddy e-wallet' and POS machines for cashless transactions at post office cou...
- Government to frame policy to further reduce charges on cashless transactions: Hansraj Gangaram AhirTo a question on extra charges being levied by banks on cashless transactions, Ahir said the govt is aware of it and a policy at the nation...
- OMCs eye over 50% of retail sales in cashless mode by MarchRetail sale of oil products -- petrol, diesel, CNG/PNG and LPG -- in volume terms account for around 7.3 trillion transactions per annum, a...
- Jewellers offer sops on cashless transactionsAccording to jewellers, sales are down 30-40% now, a marked improvement from the 80% plunge seen soon after demonetisation.
- Bengal BJP to educate people on cashless transactionsBJP’s IT cell members will tour the state to educate people on how to opt for cashless transactions.
- Road Ministry to tell contractors to transfer salaries in banksCurrently, payments to workers employed in the road construction sector - one of the largest employers of unorganised labour - are made thr...
- PM Narendra Modi not being allowed to speak in Parliament: Hema MaliniEarlier, speaking at a workshop on cashless transactions, she called upon the people to cooperate to help translate the Prime Minister's dr...
- Cashless payments: CMs' panel for roll out of simpler USSD version on X-MasIn order to use this application for carrying out cashless transactions, merchants will need a smartphone and a fingerprint scanner.
- HRD Ministry encouraging Educational institutions to go for cashless transactionsAll Institutions have been asked to encourage & ensure cashless transactions are done through debit/credit cards,online transfers,RTGS, che...
- ITPO taking steps to facilitate cashless transactions at IITFPaytm and Freecharge are also making arrangements to facilitate cashless transactions at the fair through digital wallets, it added.
- RBI discussion paper on cashless economy shortly: PadmanabhanPadmanabhan said we need to look at solutions which will take into consideration the local conditions and make cashless transactions easy.
- Branchless banking can help expand formal banking: ReportMany accounts opened in rural parts, at present, remain comparably inactive and hence operationally inefficient and less profitable for the...
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