Payment News

Drive for Cashless a Mistake

The Chief Minister for Bengal has questioned the government’s focus on cashless transactions. The Minister believes that they are suitable for large enterprises and the wealthy but not for the majority of people. This focus is causing real problems for micro and small scale industrial businesses.

The government of West Bengal sees micro, small and medium size enterprises as key for growth and employment.

Commercial Banks Push for Digital Payments in South Africa

Three commercial banks in South Africa have reported the growth of digital payments amongst their customers and the benefits that it offers them. All acknowledge that cash remains a core part of South African payments and that it will stay that way for a considerable period of time. But it is clear that the push for digital is active and relentless in South Africa.