Remonetization

Prime Minister’s Narendra Modi’s decision to remonetize the society through mass adoption of digital money is a massive growth injection for the telecom industry in terms of both volume and value of businesses. And for the user, it opens up the vistas for availing competitive transaction services. The Prime Minister said in a speech that your mobile is your wallet. At 1.05 billion subscribers, this scale is mammoth. In the history of money, this is a change of transaction behaviour and method on an unprecedented scale.