"Removal of MDR is the most welcome step for me in the current budget - it's a positive demonetization and will help drive the credit growth that India needs. No more tolling in name of payments - everyone has to play the simple credit game now !
As individuals and organisations will have no disincentive to transact digitally under the new norms, the economy will make a swift transition from cash as well."
The author is CEO and Co-Founder at Bharat Pe.
Published 05 July 2019, 13:32 IST