Modi Calls for ‘Less-Cash’ Society in India as Banknote Crisis Continues

© AFP 2022 / CHANDAN KHANNAIn this photograph taken on November 16, 2016, bank correspondent Mohammad Imran helps a villager to take his thumb print on a mobile banking machine in Basendua village in Bulandshahr, in northern Uttar Pradesh state
In this photograph taken on November 16, 2016, bank correspondent Mohammad Imran helps a villager to take his thumb print on a mobile banking machine in Basendua village in Bulandshahr, in northern Uttar Pradesh state - Sputnik International
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Indian Prime Minister Narendra Modi said that small traders in India, in particular, should move with the times and switch to mobile banking apps and digital payment systems.

MOSCOW (Sputnik) — Indian Prime Minister Narendra Modi urged the nation on Sunday to embrace digital payments, in a monthly radio address that promoted a less-cash society.

"By embracing technology, we can build a cashless society… We can gradually move from a ‘less-cash’ society to a cashless society. Youth can play a major role in this," Modi said.

Goa is likely to become the first Indian state with cashless pay via a mobile phone starting from December 31 - Sputnik International
Goa May Become First Indian State With Cashless Pay Via Cellphone on Dec 31
Small traders, in particular, should move with the times and switch to mobile banking apps and digital payment systems, the prime minister said.

Millions of Indians were forced to stand long queues to deposit the invalid notes at banks and post offices after the ban was announced on November 8. They have until the end of the year to get rid of useless cash.

Modi admitted the decision to ban 500-rupee and 1000-rupees notes "wasn’t easy," but he defended the demonetization policy, saying it helped fight "evils of black money and corruption."

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