Posted inChina, India, South Asia

India’s cash crunch a windfall for digital wallet firms

Despite all the gloom and doom caused by India’s shock demonitization in November, some companies are experiencing a sharp up-tick in business as they cash in on the government’s push for a cashless society. One of the most visible beneficiaries are the digital wallet players. As nearly 90% of Indian transactions are in cash and many citizens don’t […]