Applauding the present Government’s move, Rajib Saha, President and CEO, Indepay Networks said, “Prime Minister Modi has made a bold and far reaching move towards a less cash Indian economy.”

“Pre-paid cards would be a key instrument in replacing the use of cash in the most convenient way. Indepay’s pre-paid card network will decrease the load on bank branch infrastructure, hence, facilitating accelerated adoption of cashless transaction,” added Mr. Saha.

He further added, “Indepay is fastracking the launch of its pre-paid cards in alignment with the Government’s new move. These cards will work collaboratively with banks, card processors and mobile wallets.”