With the demonetisation of Rs 500 and Rs 1,000 notes the goal of rapidly converting India into a cashless economy and promoting financial transactions through the Internet, has become a critical priority. The question is — what is achievable and how soon?
Though India has taken to the mobile phone faster than any other country in the world, only a very small part of the population truly enjoys reliable digital access. Even of that number only a small percentage uses debit and credit cards and logs into bank accounts through phones and computers.
Digital transactions have been increasing, but. . .
