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Demonetization will be remembered as one of the most important economic milestones for India, perhaps equivalent to the nationalization of banks in 1969 and liberalization of the Indian economy in 1991. Just like the liberalization, demonetization has helped open new windows of opportunity for the companies along with a big impact on the day-to-day life of the people. Even as Indians are transitioning towards a cashless economy, companies that deal with digital payments like Paytm are reaping the benefits. With the advent of BHIM and a slew of UPI apps, the digital payment and its adoption are growing at a fast pace. Latest to tap on this growing trend is Samsung, which believes can make a difference with its new contactless payment solution, Samsung Pay.
