Mobile wallets have brought a new revolution to India, be it Paytm, PhonePe, Google Pay or Mobikwik; all of them have been key in reducing the dependency on physical cash, reducing the need to carry a lot of cash. It seems that the ability to transfer cash to one's digital wallet is about to become much easier after an announcement from the RBI. As per the Reserve Bank of India... Read More
Hours after the historically redefining announcement by Prime Minister Narendra Modi, decommissioning all Rs. 500 and 1000 denomination currency notes, Mobile wallets and online payment service providers have seized the opportunity to promote cashless transactions by their users to tide over this period. Late evening on Tuesday came an announcement which shook the entire nation, the higher denomination currency notes of Rs.500 and 1000 ceased to be legal tender. People... Read More
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