Fintech firms want more push to expand reach
The government’s sudden decision to demonetise ₹500 and ₹1,000 notes without proper infrastructure being put in place has hit hard the common man. Though the main idea behind demonetisation was to curb black money, it has resulted in a revolution of another kind — the growth of the digital (or cashless) economy. But with key challenges such as non-availability of strong Internet connectivity and cheap smartphones, can this revolution percolate down to the last Indian?
FINO PayTech was chosen by UIDAI to demonstrate the tech enabled payment mechanism at the national launch of Aadhaar-based service delivery.