India ’s finance minister has urged banks to promote digitalisation with the main objective of speeding up the process of reducing the use of physical cash . In response to a parliamentary push for demonetisation , the minister said politicians needed to keep up to date with peoples ’ habits , adding that banks ' customers are already using cashless technology and will continue to lean towards debit cards , prepaid card , e - wallets and mobile apps .
India’s finance minister has urged banks to promote digitalisation with the main objective of speeding up the process of reducing the use of physical currency. In response to a parliamentary push for demonetisation, the minister said politicians needed to keep up to date with peoples’ habits, adding that banks' customers are already using cashless technology and will continue to lean towards debit cards, prepaid card, e-wallets and mobile apps.