Digital wallet companies give thumbs up to demonetization

Companies laud prime minister Narendra Modi in full page advertisements in newspapers

GN Bureau | November 10, 2016


#demonetisation   #cashless   #Narendra Modi   #free charge   #paytm   #Digital wallet  


 Digital payment companies have showered praise on prime minister Modi for what they described as a bold decision to scrap currency notes of Rs 500 and Rs 1,000 denomination.

Some national newspapers carried full page advertisement from the private digital companies, congratulating Modi for his action against black money. 
 
The advertisement by Paytm, one of India’s most used digital payment service, said Modi has taken “the boldest decision in the financial history of Independent India!”
 
Freecharge, a digital wallet and payment service provider, in their advertisement asked merchants across India to join their network in order to accept digital money from their “millions of Freecharge users”. 
 
The advertisements indicate a push for a cashless economy.
 

Comments

 

Other News

Careless whispers and the impossible trinity

Time can never mend, the careless whispers of …    As the RBI marches ahead, for the upcoming monetary policy meeting this June, whispers from the corridors echo around several policy options to defend the rupee – by deploying forex reserves, raising in

Bullet Train Project: Third mountain tunnel breakthrough achieved

A major engineering milestone has been achieved in the Mumbai–Ahmedabad Bullet Train Project with the successful breakthrough of the third mountain tunnel (MT-07) at Ambesari village in Dahanu Taluka of Palghar district, Maharashtra.   With this achievement, three mountain

Supreme Court gets five new judges

Five new judges were appointed to the Supreme Court of India on Monday. "Vide Notifications of even number dated 01.06.2026, in exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the Hon’ble President of India is pleased to appoint (i) Shri

Astonishing breadth and depth of ancient Indian knowledge systems

The Greatest Books of Ancient India: Incredible Ideas about Science, Music, Maths, Art and More By Dr. Pradeep Chakravarthy and Dr. R. Thiagarajan Hachette India, 208 pages, Rs 399  

Strong El Nino threat over India`s monsoon, food & water security

India is heading into the southwest monsoon season this year under the shadow of a rapidly strengthening El Nino, with meteorologists warning that the climate phenomenon could significantly disrupt rainfall patterns, intensify heat stress and place additional pressure on the country’s agriculture-d

How corporates can nudge real change

The Business Of Business Is (Not) Just Business: How Behavioural Tools Can Drive Real Change Edited by Sutapa Banerjee, with Foreword by Nadir Godrej HarperCollins, 336 pages, Rs 699  





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter