Fintech firms want more push to expand reach

Saturday, 24 December 2016 - 11:59:23

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?


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