The year demonetization hit India, the use of UPI increased, and people started making digital payments instead of paying in cash. Before 2016, India was known to be a cash economy, but from 2016, the Indian economy started turning into a digital one.
When it comes to making payments, cash has been dominating the market ever since people started exchanging things for money. However, the way tables have turned is applaudable. Cash, which people would love to keep in their pockets/wallets/purses has turned into a digital instrument. People are still carrying cash but in its modern digital-cashless form. The transformation of paper money into digital money is taking over the world and the Indian population is no exception.
The gigantic reverse migration of laborers from cities to the villages, in the initial weeks of the lockdown imposed due to the COVID pandemic, once again highlighted the disproportionate concentration of economic opportunities in the country’s urban areas. Lakhs of migrant workers had to return to native towns and villages, with no source of income in view and the need to carve out a new life for themselves and their families.
The Hindu Business Line writes about BANKIT in their story on "BANKIT strengthening its agents-network aggressively". BANKIT's COO and Executive Director, Mr. Amit Nigam said the company brought within its fold 4,000-5,000 banking agents/ business correspondents every month, the last couple of months.
Please read the complete article here: https://www.thehindubusinessline.com/money-and-banking/bankit-strengthening-its-agents-network-aggressively/article32444424.ece#
IndiaTVonline featured BANKIT in a story titled "Independence Day 2020: Tech giants that are pushing towards Atmanirbhar Bharat". The story has covered BANKIT’s efforts committed towards pushing Atmanirbhar Bharat initiative.
Read the complete story here- https://www.indiatvnews.com/technology/news-independence-day-2020-tech-giants-pushing-towards-atmanirbhar-bharat-642020
Read an article in the Times of India online, penned by Mr. Amit Nigam, Executive Director & COO, BANKIT on "The rural-urban divide: Why cash is still the king in India’s rural regions"
Complete article here: https://timesofindia.indiatimes.com/blogs/voices/the-rural-urban-divide-why-cash-is-still-the-king-in-indias-rural-regions/
BANKIT's Executive Director & COO Mr. Amit Nigam spoke to the BWdisrupt on "This Time Has Turned Out Optimistic For The Fin-tech Industry Where Companies Are Partnering For Its Vertical And Horizontal Growth”
Read the complete article here:https://bit.ly/2D2Oxgz
Read how BANKIT is empowering Rural Bharat in a story titled "How companies are promoting rural entrepreneurship towards an Atmanirbhar Bharat" featured in India TV online.
BW Disrupt website featured BANKIT in a top five startups for developing banking framework at the grassroot level using technology through a chain of local kirana shops, retail stores and other merchants.
BANKIT's Executive Director & COO Mr. Amit Nigam spoke to the Dainik Jagran on "New Age Startup".
Read the complete article at https://www.jagran.com/news/national-entrepreneurs-search-possibilities-in-the-coronacal-round-start-ups-ready-for-new-round-jagran-special-20444793.html
BANKIT's Executive Director & COO Mr. Amit Nigam spoke to the Business Standard on "Jan Dhan transactions spur 4-fold surge in demand for banking correspondent”
Read the complete article here: https://www.business-standard.com/article/economy-policy/jan-dhan-transactions-spur-4-fold-surge-in-demand-for-banking-correspondent-120062501077_1.html
TheNewsMinute writes about BANKIT in their story on "How a fintech startup is helping rural India avail banking services amid the pandemic."
Please find below the coverage link of the story https://www.thenewsminute.com/article/how-fintech-startup-helping-rural-india-avail-banking-services-amid-pandemic-126870
Mr. Amit Nigam, Executive Director & COO of the BANKIT spoke to The Hindu Business Line on "Lockdown impact: Returning migrants become bank agents".
Read the complete article at https://www.thehindubusinessline.com/news/lockdown-impact-returning-migrants-become-bank-agents/article31845138.ece
BANKIT's Executive Director & COO Mr. Amit Nigam spoke to the Economic Times on "Migrant Workers turn towards banking for employments". He said that "Under this banner, shop owners are not asked by local area authorities to shut shops as our services come under essential" Such inquiries "more than doubled in April"
Read the full story on "Banking services at Customer's doorstep" published in Telangana Today.
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