Keeping customization at its core, Facebook made some India-specific announcements, in addition to some other new features.
An inter-ministerial committee, comprising representatives from the finance, commerce, and telecom and IT ministries, has been set up to examine the issue.
HCL will be acquiring 100% stake in UFS and the total cash consideration for this transaction is up to $30 mn, including contingent payments subject to certain financial milestones.
These proposed centres will provide digital services including digital banking, Aadhaar generation, issuing government certificates and filing taxes.
The IT outsourcing firm — which has its main development centres in Chennai -- was hired by Conduent as a subcontractor on one of its projects.
"It is meant for those who cannot use other means of digital payment, particularly if they don’t have a mobile phone or they are financially illiterate."
Card companies are highlighting avenues such as QR codes and contactless payments as part of a bouquet of options to stay relevant in a cashless economy.
The company is also planning to open an office in China by May end, Co-founder & CEO Rakesh Deshmukh told ET in an interview.
Niti Aayog has clearly stated that it does not support any charge on transactions made using the Aadhaar-enabled payment system.
"The world is today appreciating Aadhaar and in a very short period of time, it has established its utility for good governance," Prasad said.
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