The whole notion of coming back to cash… December was the peak for digital transactions . These are good signs for a digital payments company.Changes allow us to bring in more global innovations into the Indian market. Even power minister Piyush Goyal wants all the utility companies to start accepting digital payments. Here the consumer scans the merchant’s QR, but in China, it is the reverse, the merchant scans the consumer’s QR and pulls money from the consumer. My larger point would be that digital payments have assumed centre stage as we speak about cost of funds for banks or for NPA.

Source: Economic Times June 13, 2017 20:03 UTC