black money

Rupay card usage via PoS machines triples in Nov

Rupay card usage via PoS machines triples in Nov Rupay cards have seen a surge both in terms of value and the number of transactions in November, according to data compiled by the National Payments Corp. of India. The increase is more at Point of Sale (PoS) machines  than at e-commerce websites, indicating people’s preference … Continued

ItzCash ties up with 100 cos for pre-paid cards

ItzCash ties up with 100 cos for pre-paid cards Digital payments facilitator ItzCash has signed up with 100 small- and large-sized companies to offer pre-loaded salary cards for their employees in the wake of cash withdrawal limits from banks post ban on Rs 500/1000 notes. The company said it has been witnessing a sharp three … Continued

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Mr. Naveen Surya’s interaction with Economic Times

The Economic Times , November 23, 2016 There has been a sudden demand for e-payment forums: Naveen Surya, Payments Council of India  ET Now: Different digital players we have spoken to have said that their traction has increased, but have you seen any kind of disruptions in payment or completion of transactions or otherwise? Naveen … Continued

Demonetization triggers spurt in digital payments

CIO.in, Mumbai, November 11, 2016 Demonetization triggers spurt in digital payments; drives India towards cashless economy.  The demonetization move that initially paralyzed the economy is now catalyzing the country’s digital payments ecosystem. We’re are witnessing an economic transition right now. The quintessential digitally-spooked `Aam aadmi’ is keeping aside his wad of cash and signing up for e-payments and mobile … Continued

Hunting Black Bucks

Business Today.in , November 6, 2016 PM Narendra Modi’s regime is squeezing the avenues for generation and circulation of black money, but more reforms are needed to speed things up. In the 2014 elections, nobody tapped the public mood against corruption as well as Narendra Modi – one of whose promises included bringing black money … Continued