LITERATURE REVIEW

1- The Hindu

E-Wallet Firms Customer base surges

By Lalatendu Mishra
MUMBAI: NOVEMBER 24, 2016 22:26 IST

E-wallet companies are seeing a sudden surge in customer base and

transactions following the Centres demonetisation move, according to net
CORE Solutions, whose clients include Citrus Pay, Mobikwik and Ola
Money.

E-wallet brands have been able to acquire new consumers, said Kalpit
Jain, CEO, net CORE Solutions. Almost all e-wallet firms have acquired
new consumers and in some cases it is as high as 150 per cent post
demonetisation.

2- BUSINESS INSIDER
Digital Payment Discounts:Dont pay by cash at
these 4 places and save money
BY SUCHAYAN MANDAL DEC 12, 2016,
01.55 PM
In a bid to promote cashless economy and digital
transactions, the government is going over the top. After
waiving off service tax on debit and credit cards a few
days back, the government has decided to offer discounts
on digital transactions, which would include wallet and
card payments.
 3- The Indian EXPRESS

E-wallet payments: Top Govt accountant raises a

few red flags

by Avishek G Dastidar | New Delhi | Published:December 15,

2016 5:45 am

Speaking to The Indian Express, CGA M J Joseph said that

it was a matter of Safety, Custody and Control of
government money. We should all move in a hurry, yes,
but we should think through procedures first so that we
dont land ourselves in a mess later. Thats the point.
Procedures have to be worked out, he said.

4- The Indian EXPRESS

by Nandagopal Rajan | New Delhi | Updated:

November 29, 2016 12:02 pm

Small business, small payment, small

inconvenience time to open the e-wallet

Demonetisation could have led to perhaps the biggest push mobile Internet has
got in the country. How do we expect millions of small traders,
mom and pop shops and vendors across the country to switch
to smartphones and data packs overnight? Yes, India is the
fastest growing Internet location in the world, but it will still
take the average user some time to understand the web and
how it works. There have been no awareness drives towards
this effect till Prime Minister Narendra Modi spoke to the nation
on Mann ki Baat.

On the bright side, this might be the biggest push mobile

Internet has got in the country. Millions of people must now be
switching on data packs while others will be upgrading to
devices, networks and plans that let them access the web when
needed to make or receive a payment. The opportunity is
immense as it will take out all unaccounted transactions from
the system, however small they might be.