When India suddenly banned its largest bank notes in November, it led to confusion throughout the country and slowed down the cash-dependent economy. In big cities, the cash ban appears to be spurring digital payments, as the government had hoped. But in rural India, where internet access isn’t reliable, financial access through digital services is slow to take hold.
The Wall Street Journal reported on how people in rural India were coping with the cash ban.
“Financial Inclusion” is part of a news initiative by The Wall Street Journal to shed light on the issues faced by about two billion people world-wide who live without access to banking, lending, credit and other basic financial services.
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