Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [[maximum depth reached]]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-trace').style.display = (document.getElementById('cakeErr67f78fec258a3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f78fec258a3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-code').style.display = (document.getElementById('cakeErr67f78fec258a3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-context').style.display = (document.getElementById('cakeErr67f78fec258a3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f78fec258a3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f78fec258a3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33741,
		&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681837,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33741,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33741,
	&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681837,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33741
$metaTitle = &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;
$metaKeywords = &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;
$metaDesc = &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="
-The Hindu

PoS devices&rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Cash is back as digital payments dip on cost -TCA Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu<br /><br /><em>PoS devices&rsquo; demand falls on remonetisation, user charges<br /></em><br />Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br /><br />The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br /><br />The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br /><br />&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br /><br />In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br /><br />The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br /><br />Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br /><br />Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece" title="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-trace').style.display = (document.getElementById('cakeErr67f78fec258a3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f78fec258a3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-code').style.display = (document.getElementById('cakeErr67f78fec258a3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-context').style.display = (document.getElementById('cakeErr67f78fec258a3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f78fec258a3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f78fec258a3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33741,
		&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681837,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33741,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33741,
	&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681837,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33741
$metaTitle = &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;
$metaKeywords = &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;
$metaDesc = &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="
-The Hindu

PoS devices&rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Cash is back as digital payments dip on cost -TCA Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu<br /><br /><em>PoS devices&rsquo; demand falls on remonetisation, user charges<br /></em><br />Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br /><br />The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br /><br />The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br /><br />&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br /><br />In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br /><br />The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br /><br />Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br /><br />Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece" title="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-trace').style.display = (document.getElementById('cakeErr67f78fec258a3-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f78fec258a3-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-code').style.display = (document.getElementById('cakeErr67f78fec258a3-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f78fec258a3-context').style.display = (document.getElementById('cakeErr67f78fec258a3-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f78fec258a3-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f78fec258a3-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33741,
		&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681837,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33741,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33741,
	&#039;title&#039; =&gt; &#039;Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Hindu&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;
&lt;br /&gt;
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;
&lt;br /&gt;
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;
&lt;br /&gt;
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;
&lt;br /&gt;
The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;
&lt;br /&gt;
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681837,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33741
$metaTitle = &#039;LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan&#039;
$metaKeywords = &#039;Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments&#039;
$metaDesc = &#039;
-The Hindu

PoS devices&amp;rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu&lt;br /&gt;&lt;br /&gt;&lt;em&gt;PoS devices&amp;rsquo; demand falls on remonetisation, user charges&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).&lt;br /&gt;&lt;br /&gt;The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.&lt;br /&gt;&lt;br /&gt;The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;When the cash wasn&amp;rsquo;t there, demand for our services and products shot up by about 20 times,&amp;rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &amp;ldquo;But it&amp;rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&amp;rsquo;t want to pay that MDR charge of 1% or 2%,&amp;rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,&lt;br /&gt;&lt;br /&gt;In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.&lt;br /&gt;&lt;br /&gt;The RBI&amp;rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.&lt;br /&gt;&lt;br /&gt;Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot; title=&quot;http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan | Im4change.org</title>
    <meta name="description" content="
-The Hindu

PoS devices&rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Cash is back as digital payments dip on cost -TCA Sharad Raghavan</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Hindu<br /><br /><em>PoS devices&rsquo; demand falls on remonetisation, user charges<br /></em><br />Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br /><br />The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br /><br />The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br /><br />&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br /><br />In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br /><br />The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br /><br />Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br /><br />Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece" title="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 33741,
		'title' => 'Cash is back as digital payments dip on cost -TCA Sharad Raghavan',
		'subheading' => '',
		'description' => '<div align="justify">
-The Hindu<br />
<br />
<em>PoS devices&rsquo; demand falls on remonetisation, user charges<br />
</em><br />
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br />
<br />
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br />
<br />
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br />
<br />
&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br />
<br />
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br />
<br />
The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br />
<br />
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br />
<br />
Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br />
</div>',
		'credit_writer' => 'The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4681837,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 33741,
	'metaTitle' => 'LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan',
	'metaKeywords' => 'Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments',
	'metaDesc' => '
-The Hindu

PoS devices&rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...',
	'disp' => '<div align="justify">-The Hindu<br /><br /><em>PoS devices&rsquo; demand falls on remonetisation, user charges<br /></em><br />Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br /><br />The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br /><br />The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br /><br />&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br /><br />In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br /><br />The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br /><br />Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br /><br />Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece" title="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 33741,
	'title' => 'Cash is back as digital payments dip on cost -TCA Sharad Raghavan',
	'subheading' => '',
	'description' => '<div align="justify">
-The Hindu<br />
<br />
<em>PoS devices&rsquo; demand falls on remonetisation, user charges<br />
</em><br />
Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br />
<br />
The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br />
<br />
The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br />
<br />
&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br />
<br />
In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br />
<br />
The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br />
<br />
Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br />
<br />
Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br />
</div>',
	'credit_writer' => 'The Hindu, 15 May, 2017, http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'cash-is-back-as-digital-payments-dip-on-cost-tca-sharad-raghavan-4681837',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4681837,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 33741
$metaTitle = 'LATEST NEWS UPDATES | Cash is back as digital payments dip on cost -TCA Sharad Raghavan'
$metaKeywords = 'Electronic payment,Electronic payments,Digita Wallets,Digital Economy,Digital Payments,Cash payments'
$metaDesc = '
-The Hindu

PoS devices&rsquo; demand falls on remonetisation, user charges

Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and...'
$disp = '<div align="justify">-The Hindu<br /><br /><em>PoS devices&rsquo; demand falls on remonetisation, user charges<br /></em><br />Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI).<br /><br />The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8.<br /><br />The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players.<br /><br />&ldquo;When the cash wasn&rsquo;t there, demand for our services and products shot up by about 20 times,&rdquo; said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. &ldquo;But it&rsquo;s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn&rsquo;t want to pay that MDR charge of 1% or 2%,&rdquo; said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India,<br /><br />In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns.<br /><br />The RBI&rsquo;s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions.<br /><br />Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period.<br /><br />Please <a href="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece" title="http://www.thehindu.com/business/Industry/cash-is-back-as-digital-payments-dip-on-cost/article18458867.ece">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Cash is back as digital payments dip on cost -TCA Sharad Raghavan

-The Hindu PoS devices’ demand falls on remonetisation, user charges Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI). The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8. The near-completion of the remonetisation process and merchants unwillingness to pay user charges also known as the Merchant Discount Rate (MDR) to banks has resulted in a slump in demand for new point of sale (PoS) devices, according to industry players. “When the cash wasn’t there, demand for our services and products shot up by about 20 times,” said Praveen Dhabhai, chief operating officer, Payworld, told The Hindu. “But it’s reducing now. There is an MDR charge that is applicable, which has to be paid to the banks, and cash is now available almost the same as before. The small merchant doesn’t want to pay that MDR charge of 1% or 2%,” said Mr. Dhabhai whose firm provides electronic payment solutions to merchants in semi-urban and rural India, In addition, Mr. Dhabhai pointed out while merchants are moving away from card transactions due to the MDR charge, other payment systems like Aadhaar-enabled payments, UPI and Bharat QR are all relatively unpopular in smaller towns. The RBI’s database shows that Immediate Payment Service (IMPS) transactions contracted 3.4% in volume and 0.5% in value in April 2017 compared with the previous month. In contrast, December saw a growth of 46% and 33% in the volume and value of IMPS transactions. Similarly, the volume of UPI transactions grew only about 11% in April, down from 47% in March. The value of these transactions contracted 8% in April as opposed to a growth of 25% in March. Card transactions contracted 3.6% in volume and 1.1% in value over the same period. Please click here to read more.