There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
A platform that helps retailers reduce failed transactions while keeping the cost down, Innoviti is all set for India's digital payments revolution.
The 'SBI -- Mother Dairy SmartChange Card' is first-of-a-kind initiative in the dairy industry and the service is presently available at 76 outlets in NCR region.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
A rising number of Greeks in rural areas are swapping goods and services in cashless transactions.
On the third anniversary of the Bharatiya Janata Party-led National Democratic Alliance government, Modi thanked the 1.25 crore people of the country for standing by him in every decision his government took.
While investing in an effective health insurance plan, it is important to keep today's cost in the mind.
Losing a phone has become even more costly after the government's push for a cashless society
Take a break and rest your tired heels in a dysfunctional ATM.
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
Accuses foreign-funded competition of 'capital dumping' to capture market, bats for stronger regulations for sector.
iPhone, which accounts for just 3% of sales in India's 100 million-plus annual smartphone market, plans to partner an existing player
By April, operational guidelines for the scheme will be finalised and shared with states
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
The insurer has launched a personal health wallet with an aim to motivate people to not only buy health insurance but also stay fit
Political compulsions have led to a change of narrative. But, in the ministry of finance, senior management ought to be looking at more serious issues than 'digitally cashless' India, says Rahul Khullar.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
Modi said even a few years ago, when India talked about the threats of terrorism, not many in the world were ready to take it seriously.
ICICI Bank on Monday said it sees no impact of the Greek debt crisis on the bank as it has no exposure to Europe.
It has come to light that Rs 25,000 cr cash was deposited in dormant bank accounts while nearly Rs 80,000 cr of repayment of loans was done in cash since November 8
RBI data on Dec 2014 showed 1.05 million PoS machines in the country.
'Efforts to roll out GST from next fiscal'
Daniel Zhang will be promoted to the executive chairman on September 10, 2019, while Ma remains a director on Alibaba's board.
"You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking," Modi said.
IRCTC used to charge Rs 40 per ticket for bookings in AC classes, Rs 20 per ticket in sleeper class
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Feature phones still hold the majority of the 270 million handsets market in the country/
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
The announcement comes on the first anniversary of the project.
The President talked about demonetisation, electoral reforms and disruptions in Parliament.
The idea is to create a start-up-like activity with a small business unit.
As in the past, it is up to the merchants to decide if they will bear the burden of the charge or bill it to the customers. Subhomoy Bhattacharjee reports.
An enormous amount of black money flows in and out of the banking system and still remains black.
How the demonetisation drives in India and Venezuela have played out.
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Gandhi alleged that demonetisation is the biggest scam in history of India.
'Even if your phone goes missing for 15 minutes, be warned.' With e-wallets playing a larger role in transactions, these precautions are a must.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
The investment was committed to by Vittorio Colao, CEO of Vodafone Group Plc.
