In a move that surprised many, Indian Prime Minister Narendra Modi in a speech on Tuesday evening announced that Rs 500 ($7.5) and Rs 1000 ($15) notes were abolished. Fintech companies, not surprisingly, are rejoicing.

from Forbes – Tech http://www.forbes.com/sites/suparnagoswami/2016/11/10/indias-decision-on-rupee-notes-has-made-local-fintech-very-happy/
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