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Non-BJP states embrace cashless faster than saffron strongholds

Digital modes of payment have prospered, each with varying degrees, after demonetisation

Though digital modes of payment have prospered, each with varying degrees, after demonetisation
Though digital modes of payment have prospered, each with varying degrees, after demonetisation

Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana — states where the Bharatiya Janata Party (BJP) has the weakest footprint — registered over 25 per cent year-on-year growth in proportion of the saving bank accounts using debit cards at point of sale (PoS) machines in FY17, compared with BJP strongholds Madhya Pradesh, Uttar Pradesh, and Rajasthan, which registered less than 15 per cent growth. According to the report published by Boston Consulting Group, Indian Banks’ Association, and Ficci, titled Hidden Treasure: How Data Can Turn the Fortunes for Indian ...