new currency

A huge wail of distress is being heard from small and medium business enterprises across India that have been hit hard by the demonetization of high-value notes. Alarmed by the drastic fall in trade, commerce and business activities by around...

Digital wallet companies on Wednesday welcomed the RBI's decision to increase the limits on mobile wallets spend to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers in view of the cash crunch following demonetization of...

At a time when Indian consumers are facing cash crunch due to demonetization of Rs 500 and Rs 1000 denominations, Samsung India has introduced offers that allow consumers to buy now but after 60 days in EMI, across consumer...

Shaswati Meena is bitter that Mother Dairy and Safal outlets here are now insisting that customers coming with demonetized notes must spend every bit of their 500 or 1,000 rupees. With most of her time spent taking care of her...

Unable to undertake transaction in the absence of Rs 500 and Rs 1000 notes, some vegetable vendors and small traders have taken to using cashless means of payment like Paytm and card readers. Naresh Kumar, who owns a grocery shop...

Mobile wallet company MobiKwik today announced that it has seen a 150 per cent jump in its merchants base since the Government’s announcement of demonetizing Rs 500 and 1000 currency notes. From a 100,000 merchant base in the pre-currency...

Paytm, India’s largest mobile payments and commerce platform, has today updated its app to launch India’s first app point of sale (POS) terminal allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and...

Kultaran Singh Atwal, a transporter, owns seven trucks. Now, he says, he is forced to keep five of his fleet idle due to demonetisation, as he has been deprived of the minimum Rs 20,000 cash per truck per trip...

Mobile wallet company MobiKwik has today announced that the firm has registered a 7000 per cent increase in bank transfers since it allowed users to transfer money instantly to any bank account at 0 per cent fee. “The idea behind...

The Government’s recent demonetization move has definitely impacted the India retail industry in the short term due to lack of liquidity in the economy. As Indian retail segment generates a lot of cash transactions, there might be reduction in the...