Demonetisation urges businesses to explore alternatives to physical and new modes of payment
The pandemic brought it back to business as usual and helped it gain wider acceptance
The current business spending market in India is expected to reach $15 trillion by the end of this decade.
“Given the growing small and medium business landscape, it is important that technological, government-enabled
and encourage and enable their adoption through regulatory interventions.
Indian economy is the fifth largest economy in the world.
Acknowledging India's rapid growth, the white paper said this was possible due to the transition to a manufacturing and service-enabled economy.
Demonetisation urges businesses to explore alternatives to physical modes of payment
“Business expense market in India is at a turning point, with the need to replace age-old processes in business expense management.