Tag: demonetisation

India’s electronic payments players and what they do

India’s electronic payments players and what they do

Written by on March 10, 2017 in Billing & Payments, News with 0 Comments

MUMBAI (Reuters) – India’s has launched a slew of electronic systems to encourage its 1.2 billion people to rely less on cash, and adopt digital services to buy everything from groceries to fuel. Here is an overview of India’s cash-less initiatives. United Payments Interface (UPI) The payments system was launched in August 2016 by state-run […]

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Why cash is not good for the less well off, take India for example

Why cash is not good for the less well off, take India for example

Written by on January 31, 2017 in Guest Blog with 0 Comments

Down at the PayExpo Middle East and North Africa (MENA) in Dubai this year, I saw an excellent presentation from Uber India. One of the most interesting things I learned was that because most Indian Uber rides are paid for in cash, the Modi government’s radical experiment in currency reform hit them hard. As cash vanished […]

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