I and my spouse were having a fight, how much money is enough for a teenager as a pocket money? I came to a figure of 250 INR and he wanted to round it off to 300 INR to eliminate the possibility of getting into the hassle of finding change. Just a perfect day of our fight – 08-Nov-2016, the red lettered day when the 500 and 1000 rs notes were banned, and media was flooded with #EmpowerCashlessEconomy. We had a brilliant idea, how about providing our son with a digital wallet! That way we eradicate the probability of finding change, also as it would be in dematerialised form there are no threats of theft and we would know where he spends his money!
Thanks to Mr. Narendra Modi and his #AacheDin, we resolved our parental issue with technology that also leads to #SwaachEconomy
So what else are the ways to utilize demonetization for a technologist like me working for a #Fintech firm like Teknospire? I and my colleague had a brainstorm and here are the ramblings of it –
As a Technologist
As a Fintech Firm
With each of the above points of #CashlessTransactions and #SwaachEconomy, the solutions offered by #Fintech firm could surely be handy –
The #cashflow might have decreased in the short duration, but the long-term positive impact is overwhelming! While at one hand people are confused about what needs to be done, there are speculators and chasers who are in the race of gaining the maximum from the change. The change to go #cashless, the change to empower #SwaachEconomy, the change of #DigitalIndia! Are you with us?
What is the profit that Paytm is going to make as a result of the demonetisation of 500 and 1000 currency notes?