Tag Archives: demonetization

Pondering India’s Cashless Future

Chhotu here accepts digital currency payments via the mobile platform on a daily basis. His QR code is prominently displayed upfront next to the bottles of sauce, and a sticker displays the icons of all the payment apps acceptable to his Bhim app. The Bhim system, launched by the Government of India, is a godsend […]

Posted in Airtime, Alternative currency, Analysis, Banking, Biashara Economics, Business Models, Cashless transactions, Consumer Behaviour, Culture, Economy, Ecosystem, Emerging Markets, Flexibility, India, Informal & Flexible, Mobile platform, Perspective, Platforms, Prepaid Economy & Informal Sector, South Asia, Strategy, Technology, urban | Also tagged , , , , , , , , | Leave a comment

India: Dragging the reluctant elephant into a digital, cashless future

My recent immersion in Delhi a mere four months after demonetization (or, notebandi as it’s locally known) was a bit of a letdown. Oh sure, there were numerous, visible changes in the 2 years since my last trip – mostly very clear indicators of India’s socio-economic development – but none of the sense of chaos […]

Posted in Alternative currency, Analysis, Biashara Economics, Cashless transactions, Culture, Design, Economy, Ecosystem, Emerging Markets, Frameworks, India, Innovation Planning, Mobile platform, Perspective, Platforms, Prepaid Economy & Informal Sector, Process, Research, South Asia, Strategy, Systems, Technology, urban, User research | Also tagged , , , , , | Leave a comment

Unforeseen outcomes of India’s demonetization shine light on the value of our design philosophy

Latest news on India’s demonetization informs us how the rural economy is bearing the brunt of this initiative. The action was intended to target wealthy tax evaders and end India’s “shadow economy”, but it has also exposed the dependency of poor farmers and small businesses on informal credit systems in a country where half the […]

Posted in Analysis, Assumption filter, Banking, Design, Economy, Ecosystem, Frameworks, Income, India, Indigenous & Traditional, Informal & Flexible, Innovation Planning, Perspective, Prepaid Economy & Informal Sector, Process, Research, Rural Economy, South Asia, Strategy, Systems, User research, Value | Also tagged , , , , , , , , | 2 Responses

Insights on the psychology of cash money – Demonetization vs Financial Inclusion

The flurry of commentary on the Great Indian Demonetization of November 2016 has thrown up some nuggets of insight worth considering more deeply. Santosh Desai explores the psychology of cash money in the Times of India blog, linking the need for tangible evidence of income to physical labour, as opposed to those of us with […]

Posted in Alternative currency, Banking, Base of the Pyramid, Cashless transactions, Consumer Behaviour, Culture, Income, India, Indigenous & Traditional, Mobile platform, Perspective, Risk, Savings, Sub Saharan Africa, Technology, User research | Also tagged , , , , , , , | Leave a comment

An economy of trust

Cash on credit is the caption given to this cartoon by the BBC. Neighbourhood groceries are offering their regular customers cash advances in addition to bread and milk. While the media is filled with a plethora of stories of heartbreak, my own suspicion is that we’ll discover the resilience of the cash intensive informal sector […]

Posted in Alternative currency, Banking, Base of the Pyramid, Cashless transactions, Consumer Behaviour, Economy, India, Indigenous & Traditional, Informal & Flexible, Perspective, Research, Risk, Systems, Value | Also tagged , , , | Leave a comment