India sees more cashless transactions through internet, ATM, etc as consumers favour virtual payment
Author: Gayatri Nayak & Saikat Das - Published 2015-05-25 02:26Paperless transactions through the internet, ATM, cards and mobile devices have surpassed paper-based ones in the year leading to March 15, reiterating the fact that Indians are moving towards virtual payment.
With the younger generation taking a liking to online or hi-tech methods of fund transfer, rather than filling up reams of paper, the bank cheque may also soon go out of fashion.