Chanda Kochhar Quotes

What needs to be done is that the digital initiatives that we had started, that those get the same kind of focus, and that we now disincentivize the use of cash. If you're going to slide back into the ways that we had before this demonetization impact, then you really won't get the benefits.

People are used to cash, and getting them out of that is going to be a long and tough exercise.

Cash is going to be killed. It will be nostalgia.

The changing nature of money is only one facet of the financial services revolution.

Twitter was around communication and visualizing what was happening in the world in real-time. Square was allowing everyone to accept the form of payment people have in their pocket today, which is a credit card.

I don't carry cash often. I'm all about the plastic.

Digital is the only way to get rid of corruption and unaccounted cash.

The capping of cash transactions will help the banks reduce cash intensity.

If we want to be the banker to every Indian as we want to be, then we will have to use technology.

Money is catching up to the technological trends transforming all aspects of society and business; entertainment, insurance, health-care, gaming, leisure, retail - all commercial and social verticals are going digital - including money itself.

This is the thing that I think we're all learning from the Chinese: that this merging of messaging, media, and payments together really makes sense to people.

I think a lot of people have predicted the demise of cash, and they've frequently been wrong. But there's no question that the smartphone is leading to the digitization of money. You really now have all the power of a bank branch in the palm of your hand.

We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.

In a cashless society, the cash has been converted into numbers, into signals, into electronic currents. In short: Information replaces cash.

The digitisation of money, the rapid expansion of internet access and, of course, the adoption of mobile phones have created the perfect conditions to make it easier, secure, and affordable to save, spend, give, and borrow.

Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.

I think what we really need to think about is how do we reimagine the management and movement of money in an era where everyone will have a smartphone.

The world needs another vehicle to get people to pay in cash.

When a country doesn't have a good economic infrastructure, that harms the country. With Stripe, the idea is that by providing better infrastructure, by linking the Internet economically, by making it easier for these online businesses to exist, it'll make the web better.

The Openbucks Gift Card Payment Network taps into a whole new market of consumers that either by choice or due to limited resources may not have been able to previously buy goods online.

Technology has come a long way since PayPal.

Retail banking in Africa is very weak. You can't go to a village and get money from an ATM or visit a branch of the bank. So people have to use the Internet.

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

I was fascinated by the fact that in Osaka, we saw people using their cell phones to pay for small goods.

ATM is still a cash channel; we want to migrate it to the digital channel.