The Business Times
SUBSCRIBERS

India digital payments get a fillip

Online payments startups see astounding growth as demonetisation sends millions scurrying to digital cash

Published Thu, Nov 24, 2016 · 09:50 PM

Bengaluru

VIJAY Shekhar Sharma's Twitter feed has come alive these past two weeks. From a roadside egg-seller in Bhopal to a soda hawker in Bangalore, the founder of Paytm has snapshots of the unusual array of merchants who ply the teeming streets of India - and are now turning to his digital payments startup for help.

Those fishmongers, vegetable vendors and rickshaw drivers count among the thousands who've signed onto India's largest digital payments service since Prime Minister Narendra Modi triggered a nationwide cash crunch when he scrapped the country's two largest note denominations.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here