Tag Archives: Demonetisation

Demonetisation: India needs an official mobile wallet from the government

The Government is releasing a steady stream of applications but has missed out on one important necessity of the citizens in the wake of the demonetisation. An official, Government sponsored mobile wallet that the people can trust and use with peace of mind. Post demonetisation, Paytm is processing over 7 million transactions a day, worth over Rs 120… Read More »

Demonetisation: How banks can help trace black money using technology

After the Rs 500 and Rs 2000 currency notes were banned by the government, it was common knowledge that such an exercise can never reach fruition, simply due to the logistics involved. That hunch was today vindicated when the government announced the stopping of all currency exchange at the banks. It was simply not possible. People who have… Read More »

Narendra Modi app seeks opinion on demonetisation of Rs 500 and Rs 1000 notes

After demonetisation of Rs 500 and Rs 1000 notes in India, the country has been under a bit of a crisis. The announcement was made on 8 November by Prime Minister Narendra Modi which has led to numerous lines outside banks and ATMs. It has been over two weeks since the announcement and now it seems that Modi himself wants… Read More »

Demonetisation: Here’s how India could transform itself into a digital economy

With the 8 November demonetisation announcement by Prime Minister Narendra Modirendering 86 percent of cash in circulation (Rs 500 and Rs 1000 notes) as illegal tender, the probability of a major shift to electronic means – cheques, bank transfers, plastic use (debit, credit), e-wallets is major. Supporting the move, Finance Minister Arun Jaitley urged Indians to switch to digital methods… Read More »