A survey of over 1,700 consumers post demonetisation
by consulting firm BCG
indicated that a majority of the 50 odd MSMEs
it surveyed indicated a preference for reverting to cash instead of migrating to digital mode as they faced several barriers which include lack of clarity on digital transactions, poor penetration
of digital acceptance infrastructure. Besides since bulk of funding
needs are met through informal sources which is at a higher cost, there is a tendency by MSMEs of under reporting and evasion to remain competitive.
via MSMEs: Barriers for transition to cashless for MSMEs – The Economic Times