Demonetisation has helped digital payments grow

Demonetisation has been successful in accelerating the spread of digital infrastructure across the country and has seen many small businesses using digital payments to expand their business, according to a report by HDFC.
 
Financial services across the country have been pushing out a large number of digital services at a faster pace than was possible earlier following increased acceptance post-demonetisation. While the change in consumer behaviour will occur eventually, the fact that there now exists tangible infrastructure to make it possible is a step forward, the report says.
 
“Demonetisation has provided a fillip to digital payments in the