Before reading the story from fortune bear in mind the Indian statists made life harder for the unbanked. They willfully impoverished the unbanked they claim they wished to help. Who is pleased by this due to their investment in cashless technology? Billy – vaccine pusher – Gates! Philanthropist indeed!
Fortune: Visa and MasterCard Could See Big Gains From India’s Sudden Currency Ban
“…credit card companies are sensing an opportunity: Visa and Mastercard , the world’s largest payment networks, are expecting to see a seismic switch to paperless transactions that they’ve awaited for years.”
“A study by the consulting firm McKinsey & Co. reportedly found that more than 90% of transactions in India are still conducted in cash, making the surprise devaluation devastating for many families and individuals who are suddenly unable to purchase essential goods.“