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

Ordinances promulgated to boost agriculture

 After the announcement of the decisions by the government for reforms in the agricultural sector for raising the income of the farmers as part of the ‘Aatmanirbhar Bharat Abhiyan, the president has promulgated two ordinances with the aim of giving a boost to rural India for farmers engaged in a

How Covid-19 can be a boon to slash tobacco disease burden

 The two-month Covid-19 lockdown has been both a bane and a boon for India’s 27 crore tobacco users. With tobacco not included in the list of essential goods and many states explicitly banning chewing tobacco over concerns of spitting, the sharp drop in availability has forced them to undergo wi

Maharshtra braces to face Cyclone Nisarga

 Even as Mumbai fights challenges posed by COVID-19 on multiple fronts and as the  coronavirus cases continue to rise daily, the city now faces a double whammy with the cyclone ‘Nisarga’ slated to make the landfall in Maharashtra Wednesday. A state-wide alert has been issued for Mumba

Harnessing the demographic capital: how effective are skilling programmes?

Probing data concerning increased job creation and the decline in unemployment has been holding the attention of economists and been subject of discussions in several think tanks in the preceding months. The NITI Aayog reports that 3.53 million new jobs were created between September 2017 and February 2018

It`s time to Unlock now, with economic focus

With Lockdown 4 ending Sunday, the home ministry has issued new guidelines to fight COVID-19 and for phased re-opening of areas outside the Containment Zones. The guidelines, issued based on extensive consultations held with states and UTs, will be effective from June 1 till June 30. The first phase of reo

Small kitchen gardens turn saviours for Gujarat tribal families

When the whole world is fighting COVID-19, food and nutrition security has become a major issue. The pandemic has aggravated the existing food crisis in India, especially in rural and tribal regions. There has been less availability of fresh foods in most parts of the country, and the tribal community has



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter