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Has The “Cashless” India Reverted Back To Its Cash-Payment Preference, Yet Again?

Cash Payment in india
Old habits die hard. An adage, it stands true for Indians and their long-standing preference for cash. As per recent reports, Indians have, most likely, retrogressed to their old habit of cash payment. An analysis of credit and debit card usage for the previous fiscal year indicates that this situation arose in wake of the improvement in currency circulation. Currency with the...

Why Are Google, Facebook And Whatsapp Bullish About Digital Payment Services?

google to integrate UPI
India is going digital. From productivity to entertainment, Indians are increasingly reliant on technology to fulfil their myriad needs. However, while numerous facets of the Indian industry have adopted digital platforms readily, financial transactions remained anachronistically antiquated for a long while. This situation was turned on its head in late 2016 due to the demonetization move made by the Indian...

10 Lakh People Win Rs.153 Cr For Making Digital Payments In India

governmnet-rewards for digital payments india
The Indian Government-backed Niti Aayog has rewarded about 10 lakh people in India with over Rs. 153.5 crore for using digital transactions.The government initiative to popularise digital transactions across India, active for nearly two months now, has reportedly been very successful. On December 25, last year, Niti Aayog, with the goal of making digital payments a mass movement, had...

Digital Payment Volume in India Slipped Faster Than Expected: 10% In Just One Month

digital payment India
It has been roughly three months since the Narendra Modi-led demonetization move rocked the nation; and whether we like it or not, the changes over the past three months in payment and monetary transaction systems, have redefined how we trade and do business. While a shift towards digital payment was the anticipatory change, after a massive surge of 300%...

Mobile Payment: Digital Payment To Reach $320 Billion By 2014 [Infographic]

future of payments
Previously, I have mentioned that users have lack of trust on the mobile payment due to the security vulnerability. Despite these, users are more relying on mobile devices for digital payments worldwide. The reason is quite obvious that it is flawless and easy to use.  According to Gartner previous prediction, the mobile payment users would cross over 141 million figure by...

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