Want to know the Effects of Mobile Wallet in India during Demonetization. Read our Presentation.

1. Effect of Mobile Wallet in India during Demonetization

2. Demonetization in India
Ban of Rs 500 and Rs 1000 Banknotes
Purpose to crack down the Black Money
Took place on 8th November 2016Took place on 8th November 2016
Reduced the country’s GDP and Industrial Production
Shortage of the new Banknotes
Lengthy queue on the ATM
Limit declared on cashing out from the Bank on weekly basis
Bold step by Indian Prime Minister
Try to make the system digitalized in order to make people pay their taxes
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3. Effects of Demonetization on India
I. Shortage of Cash
II. Passengers were affected
III. Business were affected
IV. Many Marriages could not be held
V. Crash of Stock Market
VI. Transportation was affected
VII. Losses of job
VIII. Complication created by Rs2000 note across the country
IX. Digital wallet business has exponential growth across the country

4. Types of Mobile Wallet

5. Benefits of Digital Wallet
 Transaction is done digitally during this period.
 Utilization of the bank has been encouraged more
during this period.
 No room of cheating is left
 Dealing become easier instead of going through the
hassle of change
 Small transaction become easier
 Just need the smart phone for dealing
 Avoid the hassle of card swaping

6. Expansion of the Digital Wallet Business
 Single benefactor during demonetization
 Increase of digital wallet download during this period
 Traffic increased on digital wallet application
 Number transaction held on the digital wallet application
 E-commerce business also grew with the help of digital
wallet
 People become dependent on digital wallet during this
period

7. Need to address these issues
 Low connectivity of the internet in the country like India
 Not everyone have the accessibility of Smartphone
 Need good infrastructure for this application
 Not every bank is connected
 This is temporary exponentially growth

9. History of Rapidsoft Technologies
 Providing excellent Mobile Solution services
 Experience of developing various applications for all type
of industries
 Achieved the high level of customer satisfaction
 Developed more than 300 mobile application
 Journey in this business for more than 10 years

11. sales@rapidsofttechnologies.com
www.rapidsofttechnologies.com
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Plot 63, Udyog Vihar, Phase IV,
Gurgaon - 122001, India
+91 124 485 2849,
+91 124 485 2812/13/21/34/49
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