Daily Archives: 08/08/2018

What Demonetization? India’s Cash Usage To Reach $2.5T By 2021

Site Default/ August 8, 2018/ PYMNTS reports/ 0 comments

By PYMNTS Posted on August 7, 2018 Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. However, nearly two years after the policy launched in 2016, cash remains a key component of the nation’s economy. Several factors are helping cash thrive in India,

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