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Why Cash And Prepaid Cards Are A Security Threat

Both cash and prepaid cards ride on the convenience quotient only. However, the "secured" element of the transaction also needs to be given equal consideration -- the Paris attack and the Delhi heist should serve as a wakeup call to all stakeholders. Both avenues will have a 9/11 moment soon and legislation is bound to come in to control their usage. The Finance Ministry has already issued a paper talking about tax incentives for merchants accepting digital payments.