The findings of the study, titled “Cashless Cities: Realising the Benefits of Digital Payments,” were announced through a Visa press release issued on Thursday. “Consumers across the 100 cities could achieve nearly US$28 billion per year in estimated direct net benefits. “Governments across the 100 cities could achieve nearly US$130 billion per year in estimated direct benefits. To unlock their true economic potential, and become globally competitive, cities must embrace digital payments,” Visa Group Country Manager (India and South Asia) TR Ramachandran was quoted as saying in the statement. Without a firm foundation in electronic payments, cities will not be able to fully capture their digital future, according to our analysis.”

Source: Dhaka Tribune October 12, 2017 14:03 UTC