Demonetization, as it was called, applied to 86% of the value of all currency in circulation. The goal, Modi said, was to eliminate fake Indian currency notes, curb terrorism, and force out ...

One of the biggest beneficiaries of demonetization has been Paytm as people have moved to cashless payments owing to cash crunch. Within 12 days, Paytm has witnessed over 7 million transactions ...