It is evident that virtually every country in the world will see a decline in cash usage. This is not all that surprising, as cash is one of the least efficient ways to transfer value. Digital payments, plastic cards, and other tools add more convenience, yet put more power into the hands of the banks. New research indicates that the US may soon consider getting rid of large denomination banknotes. …
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The Indian government has finally acknowledged that something needs to change before the financial situation gets really out of hand in the Country. Their current plan involves offering subsidies for digital payments. Tax on low-value online transactions will be waived, and insurance policies will see rates slashed by 10%. Moreover, the government wants to promote the sale of rail tickets and payment of toll fees over the Internet. These are …
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Paytm is one of the largest e-wallet service providers in all of India. Every since the cash crisis took place, their number of active users has increased more than tenfold. While this success is a positive sign that most enterprises can only dream of, it is also a grave concern for founder Vijay Shekhar Sharma. Growth is paramount for any company, but what if resources get spread too thin? Digital …
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