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Demonetization Tracker: Show me the (black) money, honey!

You should download our Digital Payments report here. No cash needed, because it’s FREE. (but you can patronise our work here). December 6 (updates from Shashidhar today) Okay we're missed a day of updates and are a little late. But fear not. We'll keep you on top of your demonetization and digital payments news fix. 14:44: Twitter user explains why cashless works well in America and need to move a regime of negative interest rates for going digital. #Demonetisation pic.twitter.com/GZmudqvCBn — Dabang Trader (@DabangTrader) December 6, 2016 14:40: The Indian Express reports that banks are facing an acute shortage of POS machines as more shopkeepers have applied for POS machines. Chairman of Chandigarh Beopar Mandal Charanjiv Singh said, “Because there is less cash, even a small shopkeeper who runs a confectionery store wants a PoS machine. Around 10,000 shopkeepers associated with Chandigarh Beopar Mandal have applied, but are yet to get the machines.” 14:26: Rs 58 lakh in Rs 2000 denominations were seized in Hyderabad and police arrested eight people travelling in a car. “They came to Hyderabad with the intention of exchanging the new currency with old notes of Rs 1,000 or Rs 500 along with a 25-30% commission to make easy money. Explaining the modus operandi, Deputy Commissioner of Police (South zone) V Satyanarayana said. Details in Scroll.in 13:24: This is certainly worrying. No official RBI release of bank deposit data so far. Was released on Monday last two weeks. — Ira Dugal (@dugalira) December 5, 2016 13:12: And the situation on the ground is deteriorating…

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