India fines Shops not accepting Digital Payments, in the midst of Internet Shutdowns
January 03, 2020
In the latest move to promote digital payments, the Indian tax authority has announced that from February 2020, retailers with annual sales exceeding Rs 50 million ($700,800) will be fined Rs 5,000 ($70) per day if they fail to provide solutions for the acceptance of digital payments.
Guillaume Lepecq and Ron Delnevo
July 24, 2019
For the first time, some researchers are claiming that the number of installed ATMs may have marginally declined worldwide, with key markets such as China, the USA, Japan, Brazil and India experiencing a lag in growth. However, in no way is this correlated to a decline in cash demand. The decline seems to be limited to a few major markets and could well be due to structural factors.