This is certainly good for India. I predict, over time, cash-less transactions in India will increase, as more companies start investing in cashless transactions.
India is already going cashless. There are plenty of wallets and chash-less apps spending money trying to buy market share. Every vendor and their younger brouther has their own wallet app. You'd be hard pressed to find a shop without a paytm or phonepe or whatever barcode at the window.
It's already happening. Google is trying to ride the wave, and the government is trying to ride the Google PR wave!
More companies? There are like 50 different apps for passing money around in India. Not to include Uber and Ola. The issue to be settled is onboarding merchants and fighting regulations.
India is already going cashless. There are plenty of wallets and chash-less apps spending money trying to buy market share. Every vendor and their younger brouther has their own wallet app. You'd be hard pressed to find a shop without a paytm or phonepe or whatever barcode at the window.
It's already happening. Google is trying to ride the wave, and the government is trying to ride the Google PR wave!