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
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
Livemint.com , November 24, 2016 Maximum e-wallet transactions in 25-35 age group: data E-wallets such as ItzCash and Oxigen are being used by people to buy groceries, pay utility bills and book tickets because of a cash crunch following the government’s demonetization drive. The maximum amount of transactions is attributed to the 25-35 age group, … Continued