RK Rishikesh Sinha Prime Minister Narendra Modi’s dream of a cashless economy is achievable. It is absolutely possible. Technology is available with us, the greatest challenge, however, is to change people’s mind. We have to educate people about the whole financial infrastructural touch points through which money gets transacted. It seems simple. The fact is: it is not. Since 2009 I have been closely following the development taking place in the finance-related digital space. India is so big and diverse; there are people who simply don’t know about NEFT? Forget about IMPS and (Pre-paid/ Closed System/ Semi-Closed System/ Open System) Payment Instruments. And there are people who don’t believe on banks even! They have love-hate relationship with banks. The state of affair is that if I tell a person to deposit to my account Rs 100 without physically going to a bank. He or she will not be able to do it. They don’t know the options available with them. However, the same pers...
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