Demonetisation has given a new thrust to Transaction Banking in India. India, if it has to get on a global scale, has to increase the depth of digitised payments. Globally, developed and emerging countries including Africa are moving closer to a cashless economy. Virtual currency is also gaining ground and the whole space of transaction banking is set to undergo many disruptions in the coming decade.
Raashi Kedarnath who is in our Student Mentorship Program, has prepared a report on Transaction Banking, which will clear all your questions you may have on this important aspect of the economy.
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