Road to a cashless India: The gap’s huge between digital and money

While the intent of the demonetisation drive is to flush out black money from the domestic economy, the long and often frustrating wait outside banks and ATMs point to another overlooked fact: the severe underpenetration of digital payment modes, including ATMs.

Even as the government has announced several incentives for digital payments to catalyse the march to a cashless economy, the statistics below point to the extent of the chasm between supply of digital alternatives and the demand for them.