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Has The “Cashless” India Reverted Back To Its Cash-Payment Preference, Yet Again?

Cash Payment in india
Old habits die hard. An adage, it stands true for Indians and their long-standing preference for cash. As per recent reports, Indians have, most likely, retrogressed to their old habit of cash payment. An analysis of credit and debit card usage for the previous fiscal year indicates that this situation arose in wake of the improvement in currency circulation. Currency with the...

Digital Payment Volume in India Slipped Faster Than Expected: 10% In Just One Month

digital payment India
It has been roughly three months since the Narendra Modi-led demonetization move rocked the nation; and whether we like it or not, the changes over the past three months in payment and monetary transaction systems, have redefined how we trade and do business. While a shift towards digital payment was the anticipatory change, after a massive surge of 300%...

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