Is India ready to go cashless?


  • Presence of popular e-wallets
  • Growing number of digital transactions
  • Rupay cards and Jan Dhan accounts have brought under many people who were previously not covered under banking sector and hence financial literacy have been given a boost
  • During the recent demonetization people readily accepted cashless mode of payment
  • Recently launched 'BHIM' app had more than 4 lakh downloads just in 3 days


  • Threat associated with online transaction security
  • Internet penetration in India still very low
  • Apart from large retail stores, unorganized and general stores do not have card swipe machine
  • E-wallets have limit of transactions per month which is mostly not sufficient

You may also like the following articles:

Did you find what you were looking for?

Please login to share the topic you would like to read about. We will share the article on this topic in three days.

Click HERE to login.