Page-3 of Digital currency
FM asks banks to push for cashless transactions
Finance Minister Arun Jaitley has asked banks to push for cashless transactions by promoting digital banking in mission mode. Post demonetisation, the government not only aims to weed out black money but also encourages digital payments to steer the Indian ..
RBI prohibits Mobile network operators from offering mobile wallet facility
The RBI asserted that it will not permit mobile network operators to offer cash-out or mobile wallet service. Why RBI has asserted this? As per RBI, mobile wallet is basically an e-money product and therefore permitting mobile network operators provide ..