India’s Cashless Economy Gets a Discount

Slashing prices for people using online transactions is meant to speed up what has been a messy transition away from paper currency.
by Michael Reilly

On November 9, Indian Prime Minister Narendra Modi nullified 86 percent of all the cash in circulation at a stroke. The move has led to chaos, with people waiting in line for hours to exchange their now-worthless 500 and 1,000-rupee notes.

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