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

A fairly reasonable way to solve problems, personal and global

Reason to Be Happy: Why logical thinking is the key to a better life By Kaushik Basu Torva/Transworld, 224 pages

Is Nano-DAP a Catalyst for India’s Green Growth?

Nano Diammonium Phosphate, or Nano-DAP, is a revolutionary agricultural input that holds immense potential for transforming farming practices across varied agro-climatic zones in India. This innovative product is a nanoparticle-based formulation of diammonium phosphate, a widely used fertilizer in the agri

“Everyone, especially every woman, should’ve liberty of being themselves”

In February this year, yet another glass ceiling was broken, when Captain Shweta Singh became the first woman chief flight operations inspector (CFOI) at the Directorate General of Civil Aviation. Back then, in a social media post, Captain Singh had written: “The opportunity humbles me

India’s first home-grown gene therapy for cancer launched

President of India Droupadi Murmu launched India’s first home-grown gene therapy for cancer at IIT Bombay here on Thursday. Speaking on the occasion, the President said that the launch of India’s first gene therapy is a major breakthrough in our battle against cancer. As this lin

The Women of My Country: The Other Half?

1700 in 70: A Walk for a Cause By Gita Balakrishnan Rupa Publications, Rs 595, 208 pages At fifty-three, Git

Cultural Nationalism in India: Explained by Ram Madhav

The Hindutva Paradigm: Integral Humanism and the Quest for a Non-Western Worldview By Ram Madhav Rupa Publications, Rs 395, 440 pages Dr R

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter