Demonetization is the first nail in the coffin for cash in India. UPI 1.0 is the second nail in the coffin for cash in India, making transactions much more accessible with everyone’s mobile becoming their wallet. Besides, merchants grabbed UPI with both hands as...
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Digital payment poster boys like Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Toll Collections (NETC), and Bharat Bill Payment System (BBPS) reported record plunge in volumes and values in April 2020. Aadhar enabled Payment System (AePS) is the only channel that...
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When a cardholder detects a fraudulent transaction in their statement, he or she files a complaint with the issuing bank. Issuing bank then investigates the transaction and if it is found fraudulent, the bank will refund the original value to the cardholder. If the...
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All the developed economies started moving towards a cashless economy at the beginning of the 21st century. With India becoming an economic powerhouse in the world, has set the vision a step ahead towards becoming a card-less economy by 2020, as confirmed by NITI...
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