Many were surprised when Prime Minister of India Narendra Modi announced the discontinuation of 500- and 1000-rupee notes on Tuesday in an attempt to curb fraud, corruption and illegal tax evasion, and illegal cash holdings. Citizens will have from Nov. 10 through Dec. 30 to...
December 12, 2016
There may be a winner that emerges from the snafus and snarls caused by the demonetization of Indian notes that have effectively paralyzed parts of the economy: cashless payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe […]
November 09, 2016
Many were surprised when Prime Minister of India Narendra Modi announced the discontinuation of 500- and 1000-rupee notes on Tuesday in an attempt to curb fraud, corruption and illegal tax...