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Effect of Mobile Wallet in India during Demonetization
Demonetization in India
Ban of Rs 500 and Rs 1000 Banknotes
Purpose to crack down the Black Money
Took place on 8th Novemb...
Effects of Demonetization on India
I. Shortage of Cash
II. Passengers were affected
III. Business were affected
IV. Many M...
Types of Mobile Wallet
Benefits of Digital Wallet
 Transaction is done digitally during this period.
 Utilization of the bank has been encourag...
Expansion of the Digital Wallet Business
 Single benefactor during demonetization
 Increase of digital wallet download d...
Need to address these issues
 Low connectivity of the internet in the country like India
 Not everyone have the accessib...
History of Rapidsoft Technologies
 Providing excellent Mobile Solution services
 Experience of developing various applic...
sales@rapidsofttechnologies.com
www.rapidsofttechnologies.com
India:
Plot 63, Udyog Vihar, Phase IV,
Gurgaon - 122001, Ind...
Effects of Mobile Wallet in India during Demonetization
Effects of Mobile Wallet in India during Demonetization
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Effects of Mobile Wallet in India during Demonetization

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Effects of Mobile Wallet in India during Demonetization

  1. 1. Effect of Mobile Wallet in India during Demonetization
  2. 2. Demonetization in India Ban of Rs 500 and Rs 1000 Banknotes Purpose to crack down the Black Money Took place on 8th November 2016Took place on 8th November 2016 Reduced the country’s GDP and Industrial Production Shortage of the new Banknotes Lengthy queue on the ATM Limit declared on cashing out from the Bank on weekly basis Bold step by Indian Prime Minister Try to make the system digitalized in order to make people pay their taxes 1 2 3 4 5 6 7 8 9
  3. 3. Effects of Demonetization on India I. Shortage of Cash II. Passengers were affected III. Business were affected IV. Many Marriages could not be held V. Crash of Stock Market VI. Transportation was affected VII. Losses of job VIII. Complication created by Rs2000 note across the country IX. Digital wallet business has exponential growth across the country
  4. 4. Types of Mobile Wallet
  5. 5. Benefits of Digital Wallet  Transaction is done digitally during this period.  Utilization of the bank has been encouraged more during this period.  No room of cheating is left  Dealing become easier instead of going through the hassle of change  Small transaction become easier  Just need the smart phone for dealing  Avoid the hassle of card swaping
  6. 6. Expansion of the Digital Wallet Business  Single benefactor during demonetization  Increase of digital wallet download during this period  Traffic increased on digital wallet application  Number transaction held on the digital wallet application  E-commerce business also grew with the help of digital wallet  People become dependent on digital wallet during this period
  7. 7. Need to address these issues  Low connectivity of the internet in the country like India  Not everyone have the accessibility of Smartphone  Need good infrastructure for this application  Not every bank is connected  This is temporary exponentially growth
  8. 8. History of Rapidsoft Technologies  Providing excellent Mobile Solution services  Experience of developing various applications for all type of industries  Achieved the high level of customer satisfaction  Developed more than 300 mobile application  Journey in this business for more than 10 years
  9. 9. sales@rapidsofttechnologies.com www.rapidsofttechnologies.com India: Plot 63, Udyog Vihar, Phase IV, Gurgaon - 122001, India +91 124 485 2849, +91 124 485 2812/13/21/34/49 USA: 3705, 74th Street, Jackson Heights, NY 11372 +1 516 515 9506, +1 516 515 9871,+1 718 502 6571

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