It is amazing how the digital world can help people adapt in new ways to problems that arise. The removal of large banknotes (500 and 1000 rupee notes) from circulation by the government to clamp down on the black market has caused disruption to the circulation of money in the country. However, mobile payment firm, Paytm, logged a record number of transactions on Saturday, suggesting that people are avoiding the hassle by moving to mobile banking. It is more evidence of how Fintech is changing financial systems around the globe and how people are quickly adapting to new technology.

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