India’s ICICI Bank Looks to Make 100 Villages ‘Cashless’ in 100 Days

Prime Minister Modi’s plan to demonetize has put a lot of strain on much of Indian society, now the ICICI Bank is looking to ease that burden by helping to make 100 villages cashless in 100 days; the plan was born out of a successful program that made one village cashless in 2015; the 100 villages will be spread throughout the country and will help 10,000 people overall; local people will be able to use their mobile phones to transact with merchants and banks.  Source

 

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!