Digitalization

A wall painting on the way to Baijnath
A wall painting on the way to Baijnath

With demonetization and the consequent shortage of currency in the market, the debate on digital money has been revived. We hear about how petty traders have switched to digital money.

The above scene was captured from a running car using a Lumix point and shoot on the road to Baijnath from Kausani, Uttarakhand, a week before the demonetization.        The M-Pesa ad juxtaposed against the old tailor quietly reading the newspaper tells its own story.

Incidentally, M-Pesa has been a great success in Africa where it has captured quite a large percentage of the bottom of the pyramid. A positive move towards financial inclusion.

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