Infographic: The 'Less-Cash Economy' in India
With the increasing momentum towards making India a less-cash economy, I wanted to look at one of the core reasons for this transition, and bring it to the forefront, for people to see and understand. The motivation behind this project was to highlight the relevant information that is associated with this change, for people to know, so that this shift towards a less-cash economy can be made smoother.
Like most things, this approach towards becoming a Cashless Economy is obviously not perfect. But I believe that easy access to relevant and important information, can enable people to make calculated decisions towards these changes that we face.
Facts and Figures that influence the transition towards a 'Less-Cash Economy'.
USSD Banking: An inclusive approach towards digital transactions.
Requires any mobile phone, with a valid mobile connection. (Doesn't require internet)
References:
[1]. The Cost of Cash in India – Institute for Business in the Global Context, 2015
[2]. USSD Banking
[3]. ICE 360 Surveys
[4]. The hurdles to Modi’s push for a Cashless Economy: Economic Times
Icons by: IconDots, Delwar Hossain, Alfa Design, Numero Uno, Rflor, Deepz, Arthur Shlain, icon54, VectorsMarket, John Burraco, Aybige, Chameleon Desgin, Nguyen Van Sao, Till Teenck, Yamini Ahluwalia
- TheNoun Project (https://thenounproject.com)
Note: Some Icons have been modified for the purpose of the project.
