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A world of just online money: The future is already here

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April 2022

There was a time, when one would ask the question – is a cashless economy possible?

- VIJAY SHEKHAR SHARMA

A world of just online money: The future is already here

VIJAY SHEKHAR SHARMA

Founder & CEO, One97 Communications & Paytm

Today, that question hasn't just been answered, it has been won over. With the advancements of technology, we are living in a cashless world where digital payments and financial services have revolutionized the way people transact.

In the past 20 years, cash or physical money as we know it, has once again undergone a transformation. With the advent of the online world powered by smartphones, technology is highly accessible, efficient and economical – thereby boosting adoption. India then further accelerated the adoption of the Internet, riding on its rich demographic dividend.

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