Demonetisation has acted as a catalyst towards initiating a paradigm shift in the Indian banking sector. It is quite satisfying to see that majority of the stakeholders in the domain are seriously working towards digital upgradation. The note ban of high denomination currency indeed initiated the change. But the base of the digital revolution in the banking segment was already functional in the background.
Elets Digital Banking & Payments Conclave 2017 – Dhiraj Nayyar, Officer on Special Duty and Head, Economics, Finance & Commerce, NITI Aayog, Government of India
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