Less Cash Economy

Despite 110% increase in m-Wallet transactions since demonetisation, there are hurdles that still need to go

Ever since the prime minister demonetised the Rs 500 and Rs 1000 notes from circulation, there has been one category that has been seeing massive growth, every month. That category is the mobile wallet category.

We have all the technology ingredients to accelerate our drive towards a cashless economy

The world is slowly warming up to the digital revolution being unleashed in India. Even trenchant critics of globalisation feel that India is doing the right thing by trying to reduce cash in daily transactions. The country is at the cusp of a breakthrough orchestrated by several initiatives all anchored to digital technology and Aadhaar.

Demonetisation: Digi Dhan Abhiyan intends to provide financial literacy to 1 crore citizens from rural India

The Government has launched a Digi Dhan Abhiyan program to educate the citizens of rural India on cashless transactions in the wake of the demonetisation.