The payment landscape in India has been witnessing a paradigm change for last few years now; this is further accentuated by a slew of policy reforms and innovations that have happened in the last few years in pursuit to make India a less-cash economy.
MicroSave together with NPCI embarked on a journey to create prototypes of ‘less-cash’ ecosystems by leveraging NPCIs platform such as UPI, BHIM and USSD. Financial Literacy and capacity building were two of the most important aspects in this journey. A ‘value-chain’ approach was adopted to operationalize this and MicroSave closely worked with the handloom cluster head in Ramnagar (Varanasi) to digitise the clusters’ transaction flows. The video documents the journey we undertook along with various stakeholders!