Prime Minister Narendra Modi on Sunday urged citizens to “embrace e-banking, mobile banking and more such technology”, in the wake of the cash crunch the country has been facing since the demonetisation of Rs 500 and Rs 1,000 notes. “My mobile...my bank...my wallet,” he said on Twitter. “The time has come for everyone, particularly my young friends, to embrace e-banking, mobile banking & more such technology.”
He also shared an image promoting the government’s United Payments Interface app as well as the use of e-wallets like SBI Buddy, credit and debit cards and Aadhaar-enabled payment systems.
The prime minister has been advocating the switch to mobile banking since he announced the Centre’s decision to scrap the high-value denomination currency. Maintaining that the move will help rid the country of black money and corruption, Modi has urged citizens to bear the hardship of a cash crunch till the December 30 deadline set to exchange or deposit the old notes at banks.