India Is Likely To Become The First Digital, Cashless Society | Forbes
The top news out of India over the past 12 months has been Prime Minister Modi’s move to ban 85% of the currency in circulation. However, something much more far-reaching has happened.
…A 2015 report from MasterCard found that India was one of the countries least ready to transition to a digital payment system.
Yet, 12 months later such a system was rolled out.
If the transition to a digital society can happen in India, where just 2% of transactions were non-cash a few years ago, it can happen anywhere.
India Stack could fast-track the move to digital payment systems across the developed world and mark the end of cash.
Thanks Jeff for the find!
Source: India Is Likely To Become The First Digital, Cashless Society
India Is Likely To Become The First Digital, Cashless Society | Forbes
The top news out of India over the past 12 months has been Prime Minister Modi’s move to ban 85% of the currency in circulation. However, something much more far-reaching has happened.
…A 2015 report from MasterCard found that India was one of the countries least ready to transition to a digital payment system.
Yet, 12 months later such a system was rolled out.
If the transition to a digital society can happen in India, where just 2% of transactions were non-cash a few years ago, it can happen anywhere.
India Stack could fast-track the move to digital payment systems across the developed world and mark the end of cash.
Thanks Jeff for the find!
Source: India Is Likely To Become The First Digital, Cashless Society