With the ongoing global battle with Coronavirus, India is getting more advanced with its digital payments day by day. Be it electricity bills, groceries, milk, or cab fares, everything is moving from cash to digital which is a major success in terms of getting digitally advanced.
The virus and its fear amongst the people are the driving factors for the same. In 2016, Indian Prime Minister Mr. Narendra Modi’s demonetization move to push digital payments to the front didn’t do as good as it could have. But as they say “there is always a next time” and we guess this the next time they were talking about.
Reports state that people who never paid bills online are doing it now. They find it easy and reliable without any threat and hence it is making its way into the Indian economy way faster than 2016. It all started with the fact that people were not getting enough notes to deal with their payments and hence there was a dire need for digital payments. We can see that it is a consumer-led revolution which is why it is more successful than the demonetisation act in making digital payment mainstream.