Note ban boost to digital payments continues: Study

Two-thirds of respondents would continue to use non-cash payments if there is ease in doing so

About a third of those who were using cheques, plastic money or non-cash payments after demonetisation would now go back to cash for many reasons, including behavioral ones, according to a study conducted by US-based financial inclusion consultancy firm MicroSave. 

This also means two-thirds would continue to use non-cash payment modes, provided there is ease in doing so, revealed the survey, conducted to gauge how the pattern of transactions had changed after demonetisation.

Prime Minister Narendra Modi had on November 8 demonetised Rs 500 and Rs 1,000 notes, sucking out 86 per cent of cash from the economy and forcing a large