This evolution is moving the country to a place where cashless
transactions are adopted effectively across sectors to a rapidly approaching point where cashless
is the norm.
Second, popular smartphone brands are bringing cashless
Near Field Communication technologies in the UAE, with brands like Samsung already enabling its Samsung Pay technology at Points of Sale in the UAE, and Apple making moves to launch its own Apple Pay service later in the year.
Finally, a word about the cashless
economy and the patriotic spirit.
Cards are responsible for the largest portion of cashless
payments and are the fastest growing cashless
payment instrument, comprising more than half of cashless
transactions worldwide, according to the study.
As a bank, we have led the way to introduce cashless
cards such as the Visa Card, MasterCard and others and we expect that more people will embrace it to enable them to do more things with it, instead of carrying cash around.
PANA reports that the apex bank introduced the cashless
policy in 2012 as a way of discouraging transactions involving huge cash.
Through the Cashless
Purchase Cards and other similar reforms, government financial transactions should be 100 percent checkless and 80 percent cashless
before the end of this year," Aquino said.
Subject to the terms of the three year agreement, Betson will serve as an authorized distributor of USAT's ePort[R] for cashless
payment and data reporting services, including exclusive use of USAT's ePort Connect[R] service in conjunction with a customer's ePort.
Coun Patel claims the authority's failure to introduce cashless
schemes in all schools meant some children were going hungry to avoid being seen claiming free meals.
These hospitals provide cashless
facility to the insured and package rates for 41 common surgical procedures have been fixed.
THE Insurance Regulatory and Development Authority ( IRDA) on Wednesday said it will follow the Delhi High Court's ( HC) direction to take steps on resuming cashless
facility to policyholders.
The club and the Ricoh Arena have converted a third of the kiosks - which sell food and drink around the stadium - to accept cash as well as the cashless