Transactions

Maximum e-wallet transactions in 25-35 age group: data

Livemint.com , November 24, 2016 Maximum e-wallet transactions in 25-35 age group: data E-wallets such as ItzCash and Oxigen are being used by people to buy groceries, pay utility bills and book tickets because of a cash crunch following the government’s demonetization drive. The maximum amount of transactions is attributed to the 25-35 age group, … Continued

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Digital Payments Gain On India’s Currency Demonetization

Investopedia.com, November 15, 2016 As almost 86% of India’s currency circulation turned into worthless paper after November 8, 2016, mobile wallets and fintech companies providing alternative payment avenues saw a big boost. People turned to digital payments after initial confusion followed by serpentine queues outside banks and empty ATMs. That’s a big deal for a country that paid cash … Continued