Press Release

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ItzCash associates with Kings XI Punjab as its Official Principal Sponsor and Payments Partner

ItzCash associates with Kings XI Punjab as its Official Principal Sponsor and Payments Partner ItzCash, India’s largest digital payment firm and a pioneer in prepaid card industry, today, announced its association with Kings XI Punjab team as its official Principal Sponsor and Payments Partner. At the press event organised by Kings XI Punjab, Team mentor … Continued

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ItzCash to deploy more point of sales terminals for larger digital acceptance network

ItzCash to deploy more point of sales terminals for larger digital acceptance network Digital payments company ItzCash is planning to scale up its Point of Sales terminals in order to enable its merchants to accept digital payments through cards. Having already deployed 30,000 terminals post demonetisation, the company plans to scale it up to 1 … Continued

Interview – Connecting the unconnected – Naveen Surya, MD of ItzCash

Interview – Connecting the unconnected – Naveen Surya, MD of ItzCash   Since its inception, ItzCash has been building a bridge for the 90 per cent cash-driven India. Naveen Surya, MD of ItzCash shares his journey. How did the journey of ItzCash start? We are a 10-year-old company which focuses on digitising physical money transaction in … Continued

ItzCash that Finly will get for keeping corporate books

ItzCash that Finly will get for keeping corporate books Digital payment company ItzCash has made an equity investment in Bengaluru- based fintech startup Finly.io, which has developed an expense management tool for corporates. Itzcash MD Naveen Surya said this is the first among the several investments and partnerships the company is looking to make in … Continued

Pre-paid cards innovate fast after demonetisation

Pre-paid cards innovate fast after demonetisation The push towards a cashless society is seeing new developments in pre-paid cards. And these cards are being used for a much wider range of services. Now, you can eat at a restaurant, pay toll charges, fill fuel in your car, buy medicines at pharmacies, book air tickets, do … Continued

Transforming the digital payments landscape

Our country is on a journey to becoming a digital superpower and, over a period of time, we all have realized that this vision of Digital India cannot be complete without digitizing cash-use in our country. A less-cash environment is completely dependent on a robust digital payments ecosystem, which is still at a nascent stage; … Continued

Carbon Credit – like system can curb cash usage

Carbon credit-like system can curb cash usage Cash is an expensive cost to India’s economy. A recent report concluded that India spends about Rs 21,000 crore annually in currency operation costs. This includes printing, storing and transporting the cash, as well as the expenses incurred by banks in setting up and maintaining ATMs. Then there … Continued

Labour gain

Labour gain Kris Lakshmikanth, CEO of the recruitment firm Headhunters India, was recently at Indian Institute of Management Ranchi to give a lecture. He had lunch at the institutes cafeteria, and when he was about to pay the bill the cashier requested him to pay through Paytm. Lakshmikanth was a bit surRs prised that digital … Continued

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Value Of Online Payments Falls In December Despite Government’s Digital Blitz

Despite the government’s push for digital payments after demonetisation sucked 86 percent of currency in circulation out of the economy, data for the last two months may not enthuse many. While the number of digital transactions has jumped multi-fold, the total value of non-cash payments declined 12 percent in December compared to the average of … Continued

ItzCash’s Attempt To Make India Financially PHYgital

In the mid-2000s, Internet penetration had just begun in the lower sections of society and mobile adoption was increasing. But, when it came to payments or any kind of financial transactions, there was cash and only cash. “In 2005-2006, 97% was cash and only 3% was digital,” begins Naveen Surya, the co-founder of payments platform ItzCash. “This … Continued