India

An agreement between First Global Data and India's Metro Infrasys will bring a one-click mobile payment option to drivers using the country's tollways.

In another move that furthers India's movement away from cash, police in Pune plan to initiate a cashless policy by the end of the first week of January.

India’s war on cash has at least two likely victors: Visa Inc. and Mastercard Inc.

India's move to remove much of the country's cash notes is having an adverse impact on much of the country's population, according to former U.S. Treasury Secretary Lawrence Summers.

Earthport has used distributed ledger technology, including a partnership with Ripple, to build a global cross-border payment network.

India's cash crisis may threaten the country's traditional wedding season. Uber is attempting to solve some of the problem with a new car booking service.

India's abrupt recall of its larger bills — a bid to crack down on tax evasion — was a crash course in how to adapt to a cash shortage. Was this an opportunity for mobile payments or a failing of the overall financial services system?

Mastercard has launched its quick-response mobile payments system in India through its Masterpass mobile wallet, designed to help mobile banking users complete purchases through their mobile phones at the physical point of sale.

Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite.

The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest economy.

The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

Australia should follow India’s lead and scrap its biggest bank notes, UBS Group AG said.

Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.