Demonetisation could be tailor-made opening for Apple Pay, Android Pay
Mobile wallets are poised to grow rapidly, thanks to a spike in cashless transactions. Perhaps, time is ripe for Apple and Google to tap the Indian market
As India struggles to make sense of the entire demonetisation move by the government of India by removing the old ₹ 500 and ₹ 1,000 currency notes as legal tender, this could actually indicate a big shift—in the way we manage cash, in the way we make payments for essentials and also the way we shop. The transition, which the government hopes for, to a cashless economy means you will be ever so reliant on your credit and debit cards, as well as your smartphone or PC. The idea is to enable your smartphone for money transfers, instant transactions, in-store payments, bill payments and more.