Hoping to stabilize the rupee, India has agreed to a $75 billion currency swap with Japan, according to reports on Monday (Oct. 29). “The deal will help the two countries to swap their currencies for U.S. dollars to stabilize the rupee, which has witnessed the...
When you want to know something: Follow the money. In India, then, to find out how well, or not so well, demonetization efforts are playing out, follow the money. News comes this week, per India’s central bank, that cash still is king — more than...
Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash for most routine transactions. And that is a challenge — both for local digital payments...
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. ...
November 23, 2017
Anniversaries are a time for reflection, and one year into India’s grand de-monetization drive, the results are mixed. Counterfeiting activity has simply moved to embrace the new notes. GDP is slowing. But on a brighter note consumers are ready to embrace non-cash ways of transacting. No surprise, tech heavy hitters are in the wings, waiting to deliver.
November 29, 2022
India’s central bank will begin testing its proposed digital rupee for retail use this week. “The pilot will test the robustness of the entire process of digital rupee creation, distribution, and retail usage in real-time,” the Reserve Bank of India said in a news release Tuesday (Nov. 29). The test will launch on Dec. 1, one […]
October 29, 2018
Hoping to stabilize the rupee, India has agreed to a $75 billion currency swap with Japan, according to reports on Monday (Oct. 29). “The deal will help the two countries...
January 08, 2018
Since demonetization last year, Indian government and regulatory authorities have worked hard to push digital payment methods. But Indian citizens are not quite cooperating just yet and continue to prefer cash...
December 27, 2016
Snapdeal, the online retailer in India, has the answer to the cash crisis going on in the country: door-to-door delivery of cash. According to a report, Snapdeal is letting Indian...
