Don't assume that the recent surge in online transactions is an irreversible move towards a digital economy
Since last month, the government has been relentlessly pushing for transition towards a less-cash and more-digital economy. It has adopted a carrot-and-stick approach to nudge user behaviour. The currency in circulation has been taken away with a warning that the entire physical form will not be replaced. At the same time, charges on digital transactions have been reduced and digital payments are being incentivized.
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