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.
 

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