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India In Digital Cash Wonderland

February 2, 2017 | The Day After

Consider PaySe, an offline digital payment solution with just about two products in its kitty aimed at the unconnected and unbanked population. After the demonetization, the Nucleus Software supported startup quickly launched two more products — a sleek, chip-based payment band with the capacity to store digital cash and a microSD card, which works in mobile phones.

“It’s a booster shot given to us. I told myself… Wow! We can now cater to consumers more effectively. Earlier, we were a peer-to-peer solution. The demonetization took us to a different orbit,” Ashutosh Pande, founder of PaySe, told.