India Admits Plan Shifting Nation To "Cashless Society"
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Nov 27, 2016 03:51PM
India's Modi calls for move towards cashless society
REUTERS
Sun Nov 27, 2016
"we can gradually move from a less-cash society to a cashless society...this is the chance for you to enter the digital world."
Indian Prime Minister Narendra Modi on Sunday urged the nation's small traders and daily wage earners to embrace digital payment channels, as a cash crunch following the government's surprise ban on high-value bank notes drags on.
"I want to tell my small merchant brothers and sisters, this is the chance for you to enter the digital world," Modi said speaking in Hindi, urging them to use mobile banking applications and credit-card swipe machines.
http://www.reuters.com/article/us-india-modi-digital-payments-idUSKBN13M07Z?il=0
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