The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift. Adding up to a total of over ...

Many developed nations have successfully transitioned to a predominantly cashless economy, making corruption more difficult and financial tracking more efficient. Sweden, for instance, is leading ...

Governments are very interested in the cashless society as well. Non-cash transactions are registered in banks, so a government can receive data on the economic habits of society. The data can be ...

Economy ministry figures show that cashless payments accounted for 36 percent of all expenditures made in Japan last year. Credit card payments, at 93.8 trillion yen, accounted for the highest ...