IBM and Yojna spearhead electronic cheque processing in India

ôe-transformationö could unleash extra liquidity in financial system.

In many Asian countries the cheque has never really taken off as a payment instrument. But India is one country in the region where the cash or cheque query still often comes at the close of a sale. As a result, millions of cheques are processed each day in Indias large metropolitan centres.

In an age where most other things are going electronic, dealing with so many small rectangles of paper can be quite time consuming for banks....

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