Cashless Economy Quotes

One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.

Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.

PM Modi's belief in Direct Benefit Transfer was force enough to give the necessary impetus for its efficient implementation.

Demonetisation is going to result in long-term gains for the country.

Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.

Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.

Demonetisation was not a decision of UP government. It is the central government's decision.

I never carry money, just like the real Queen. If I fancy something in a shop I always ask someone on our staff to buy it.

Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.

If I were to put labels on demonetization, it would be transparency and traceability.

The idea of money being something physical is almost entirely a fiction. Sure, you can go to your ATM and pull out cash. And you can feel cash in your back pocket and have some tangible comfort there - but in reality, the majority of your money is a number on a screen.

Demonetisation has boosted our efforts to build an honest society.

Demonetisation was a defining moment in the government's war on corruption and black money.

I never have cash on me.

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

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.

Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.

If you want to deemphasise cash, then people should not only have an incentive for going digital but also a disincentive for doing cash.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Though the demonetisation move should be welcomed, govt should have planned well in advance to ensure that no common man suffer.

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.

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

The truth is, I never travel without cash. I always take a few tens with me in case of an emergency. There's never been an emergency, and in time, I realized that Americans don't want to touch customers' dirty bills. They also don't want to touch your credit card: you have to put it through the machine yourself, with your own fingers.

I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.

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