Discover and read the best of Twitter Threads about #debit
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I have been asked how this would work. I welcome you to join me on a journey how #cashless #casino's could operate in 2020. I'll explain it based on the example of "Awesome Casino Vegas" or "ACV" which I made up for this example.
This is the exciting future in a thread... (1/x)
This is the exciting future in a thread... (1/x)
ACV is a #casino in #vegas and needs to go cashless. They choose to issue a stable #token on the #CSCL. $1= 1ACVT. They have their own branded #whitelabel version of the #casinocoin #BrankrollManager. Their customers can purchase #tokens at a cash cage... (2/x)
Announcement by #FinanceMinister
▪️ Deadline for #incometax return extended to June 30
▪️March, April, May #GST return, extended to June 30
▪️Companies having less than Rs 5 cr turnover - no interest, no late fee, no penalty for GST. For Rs 5 Cr+ turnover - interest rate 9%
▪️ Deadline for #incometax return extended to June 30
▪️March, April, May #GST return, extended to June 30
▪️Companies having less than Rs 5 cr turnover - no interest, no late fee, no penalty for GST. For Rs 5 Cr+ turnover - interest rate 9%
#Debit card holders can withdraw cash without any charges from any other bank's ATM for next 3 months (30/06/2020)
▪️No penalty for not maintaining minimum balance
▪️ Transaction charges on digital trade has been reduced
▪️No penalty for not maintaining minimum balance
▪️ Transaction charges on digital trade has been reduced
For newly incorporated companies: 6 more months to file commencement of business report
As new #payment methods continue to emerge, our “2019 Diary of Consumer Payment Choice” highlights both the important role #cash plays in our economy while also illustrating the significant role of competing payment methods and #technologies: sffed.us/cashdiary
#Debit cards were used the most, accounting for 28% of payments. #Credit cards accounted for 23% (up 2% from 2017).
Consumers used cash in 26% of transactions (down 4% from 2017). However, #cash was used heavily for small-value payments, representing close to half of payments under $10.
