Amid Currency Crunch, E-Wallets Cash In | Read

PUBLISHED ON: November 18, 2016 | Duration: 2 min, 33 sec

  
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As people seek more options to go cashless, the mobile phone is slowly becoming the new wallet. It is helping even men like Harishankar Pandey, a pan shop owner in Delhi, with customers using apps and e-wallets to make small value transactions. "This is very practical. On an average, about 20-25 persons use apps like Paytm, Swiggy every day," said Mr Pandey. It is the reason even customers like Kunal Kalra and Ranajit Mukherjee aren't worried about counting the currency in their wallets before making buying decisions.

Disclosure: Paytm's parent company One97 is an investor in Gadgets 360.
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