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India cash less economy News
India cash less economy
Why are ATMs in India suddenly running dry again?
Fri, Apr 21, 2017
As per LocalCircles survey, from April 13 - April 16, nearly 46% of Indian citizens could not find ATMs dispensing cash. In the first week of April 2017, about 36% of citizen has reported the similar problem.
Digital payments in India reverse trend, grow in March
Wed, Apr 19, 2017
Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."
Growth in digital banking slows down, cash withdrawals fall post March 13
Mon, Apr 03, 2017
State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”
India's less-cash dream is still a decade away?
Tue, Feb 21, 2017
Suvodeep Rakshit, Upasna Bhardwaj and Madhavi Arora analysts at Kotak Institutional Equities said, “After the initial surge in the volume of electronic payments in November-December, the trend seems to be normalising in January and February.”