The country recently shocked its citizens by getting rid of its largest paper currency, causing a cash crunch. As the country scrambles in a massive cash reduction, India mobile payments are taking off as an alternative. Mobile wallets have received an almost instant shot in the arm with the surprise notice of the disappearing bank notes. Some mobile payment providers have already reported record breaking numbers over the last few days. Paytm, for instance, the largest India mobile payments firm, reported more than seven million transactions on Saturday alone. This…
Read MoreIndia mobile payments take off as large bank notes disappear
