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A cashless future is the real goal of India's demonetization move

Forbes believes Prime Minister Modi's real motivation is a desire to leapfrog the cash generation to digital payment solutions----a significant step in the development of India and the emergence of a truly cashless economy.

"This is a public sector innovation unthought of in history. A cultural-economic revolution in the making!" exclaimed Monishankar Prasad, a New Delhi-based author and editor, about India's demonetization initiative and subsequent drive towards developing a cashless economy.

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payments, india