What's New in Payments

Indian government unveils sweeping proposals to reduce the use of cash

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley departs from North Block to Rashtrapati Bhavan and Parliament House, along with the Minister of State for Finance and Corporate Affairs, Shri Arjun Ram Meghwal and the Minister of State for Finance, Shri Santosh Kumar Gangwar to present the General Budget 2017-18, in New Delhi on February 01, 2017.

The Government of India has introduced a series of incentives designed to encourage consumers and businesses to adopt digital and mobile payments and significantly reduce the use of cash in the economy — including plans to encourage banks to introduce one million point-of-sale terminals by March 2017, rising to two million by September... More