'India can save ₹70k cr by reducing cash transactions'
India can save up to ₹70,000 crore in the next five years by taking measures to reduce cash handling, according to financial services firm Visa. India has the opportunity to reduce the cost of cash transactions from the 2014-15 level of 1.7% of GDP to 1.3%. The country would benefit from measures such as digitisation of government payments, Visa said.