Search For "cash transactions"
NHAI likely to discontinue cash payments at National Highway toll plazas f
Updated : 2 months, 2 weeks ago IST
The National Highways Authority of India (NHAI) is contemplating discontinuing cash transactions at National Highway fee plazas across the country from April 1, 2026, with all toll payments proposed to be processed exclusively through digital modes such as FASTag and Unified Payments Inte
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UPI preferred mode of transaction at 57%, surpassing cash at 38%: Survey
Updated : 2 months, 2 weeks ago IST
Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey.
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New user fee collection rule to come into effect from November 15 to incen
Updated : 7 months, 4 weeks ago IST
In a significant step to incentivize digital payments and eliminate cash transactions at the user fee plazas on National Highways for Non-FASTag users, the Government of India has amended National Highways Fee (Determination of Rates and Collection) Rules, 2008, as per a press release by the
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78 pc of consumers choose digital banking over cash transactions
Updated : 1 year, 9 months ago IST
Nearly 80 per cent of financial institutions have seen an increase in cashless transactions over the past two years. This change has been accelerated by the pandemic, with many consumers opting for digital payments to avoid handling cash. About 60 per cent of these institutions noted that th
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CBDT issues Central Action Plan 2024-25 to resolve high-priority tax deman
Updated : 1 year, 9 months ago IST
CAP 2024-25 calls for quick resolution of high-priority tax demand cases, identification of above Rs 2 lakh cash transactions at high-risk sectors like hotels and luxury retailers and widening of the tax base.
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RBI's red flag on non-bank lenders raises volatility, Fitch says
Updated : 2 years ago IST
The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD 240). This compares to a higher Rs 200,000 cap on general cash transactions for individuals, which some lenders, the rating agency said, had adopted
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58 per cent of Consumers have Reduced Cash Transactions Since the Pandemic
Updated : 2 years, 7 months ago IST
Mumbai (Maharashtra) [India], October 30: Hansa Research's 2023 DigiPay CuES Survey, reveals 'Easy to Use' and 'Instant Payment' as the key benefits consumers cite for using Mobile Payment Apps, propelling growth for payment platforms.
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AU Current Account: Streamlining Financial Operations for Businesses
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 25: In the ever-evolving landscape of business, the need for seamless financial operations is paramount. For enterprises ranging from large to small, AU Small Finance Bank brings a game-changing solution - AU Current Account. This versatile financia
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2 held in Assam's Goalpara for smuggling 'supari' from Bangladesh
Updated : 2 years, 8 months ago IST
During the probe, it was revealed that the apprehended persons were involved in money laundering with Bangladeshi businessmen via cash transactions and payments through suspected bogus Indian Bank accounts, the DIG Partha added.
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ED summons K Kavitha again in Delhi Excise policy case
Updated : 2 years, 8 months ago IST
According to the sources, more than one dozen people were also summoned who were involved in carrying out cash transactions in the scam.
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iPiD and Digit9 Form Strategic Partnership to Elevate Customer Payment Exp
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 6: As digital payments continue to gain ground overshadowing traditional cash transactions, the demand for secure and efficient payment platforms is on the rise. Against this backdrop, Singapore based International Payments Identity (iPiD), and Digit9
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Fable Fintech and iPiD Announce Strategic Partnership at Global Fintech Fe
Updated : 2 years, 8 months ago IST
Mumbai (Maharashtra) [India], September 6: As digital payments continue to gain ground, overshadowing traditional cash transactions, the demand for secure and efficient payment platforms is on the rise. The collaboration between iPiD and Fable Fintech comes at a pivotal moment, promising to
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