Note ban led to five-fold increase in Fintech deals
According to a report by Global tech major Accenture, note ban in 2017 had increased investor’s interest in the Fintech industry and ultimate it had led to a five-fold increase. The demonetization and the demand for cashless services after that have helped in India’s boom and mobile wallets like Paytm has experienced USD 1.4 billion infusions during the year as a result.