Opportunity amid the Chaos: Demonetisation, Disruption and Digital India

News that the Andhra Pradesh government is planning to distribute free mobile phones to enable economically-backward people to undertake cashless transactions in the wake of Demonetisation, suggests there is opportunity amid the chaos.

With recent news that Airtel, Idea and other telcos have been granted payment bank licences to, in effect, become bankers and compete with the established banks, with the spike in digital payment, e-wallets subscribers and more interest in e-commerce and m-commerce, Demonetisation is proving to be a major disruptor in India with opportunities available.

People are having to look for alternatives to cash in India. Demonetisation is proving to be a shot in the arm for Digital India and a major disruptor in India.

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