Demonetization Ushers in New Era of Digital Finance in India

This article is reposted from the Center for Global Development (CGD) (February 23, 2017), which was originally written by Dr. Michael Pisa, Ms. Divyanshi Wadhwa, and Dr. Anit Mukherjee. Pisa is a Policy Fellow researching how technological innovation can support financial inclusion and how the withdrawal of correspondent bank relationships may affect remittance flows. Wadhwa works as a Research Assistant focusing on the unintended consequences of anti-money laundering laws on development. Mukherjee is a Policy Fellow that is currently researching the impact of fiscal devolution on sub-national health financing reform In developing nations including India. Continue