"My own research on the persistence of Delhi’s informal recycling economy shows just how important cash is to low-income laborers", says Dana Kornberg, Ph.D. Candidate in Sociology at the University of Michigan.
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"If such a future exists, it is still a long way off, at least in India. According to a 2014 study, just 10 percent of Indians over 15 had ever made a digital payment. And in countries where a large share of transactions are already done digitally, there’s evidence that this does not serve the poor well."
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(...)
"If such a future exists, it is still a long way off, at least in India. According to a 2014 study, just 10 percent of Indians over 15 had ever made a digital payment. And in countries where a large share of transactions are already done digitally, there’s evidence that this does not serve the poor well."
Read more
How cashless can lead to unhealthy consumption
