Toll collection helps digital payments zip through fast lane

MUMBAI: Toll collection, which is expected to lead the next round of growth for digital payments besides Unified Payments Interface and debit cards, has reached 8.2 million transactions in June. According to data shared by National Payments Corporation of India, digital payments at toll booths rose to 8.2 million in June from 8.1 million in Read more about Toll collection helps digital payments zip through fast lane[…]

India’s march to a cashless society begins with 3 things

In an unscheduled televised appearance on Nov. 8, Indian Prime Minister Narendra Modi announced that 500 and 1,000 rupee notes (which accounted for 86 percent of all currency) would be removed from circulation overnight.The purpose of this demonetization policy was to promote fiscal transparency, modernize a complex, cash-centric economy and empower social inclusion.As one would Read more about India’s march to a cashless society begins with 3 things[…]

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