Viewpoints

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PERSPECTIVES ON DIGITAL CURRENCY

Aug 26, 2010

GPD

Bringing the Benefits of Financial Inclusion to India

India is the world’s second-most populous country with more than 1.3 billion people, GDP growth of more than 7 percent and the world’s largest rail system that carries 6 billion passengers a year. Despite its growth, the government is eager to shift consumer spending from cash to electronic payment to accelerate growth, transparency and financial inclusion. In our recent trip to Mumbai as part of the Currency of Progress project, we found many encouraging signs of consumers and merchants embracing digital currency as a more secure, transparent and convenient alternative to cash.

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Posted by: Richard Martin, Visa Corporate Relations on August 26, 2010 at 6:03 pm