Has demonetisation led to higher digital payments?
A report on ‘Digital Payments post demonetisation’ by Motilal Oswal Securities on:
Finally, after falling by more than 60% in the last months of 2016, cash withdrawals from ATMs have moved back to pre-demonetisation levels.
All these data points raise doubts over the desired structural shift towards digital payments post demonetisation.
Click here for full report