There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday.
While the term ‘cashless transactions’ may be new to many, but in a small hamlet about 32 km from Guwahati, members of Assam's Tiwa tribe meet every year to carry out a unique trade fair where the dealings are totally cashless.
Finance Minister Arun Jaitley today announced a slew of incentives for those opting digital mode of payment for various services.
Prime Minister Narendra Modi today appealed to the people to "lead the change" towards cashless transactions to lay strong foundations of an India where there is no place for such malaise.
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