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Last Updated : Dec 14, 2016 10:27 PM IST | Source: CNBC-TV18

Biz in Chennai cripples on cash crunch, Vardah double blow

The cash crunch in Chennai has worsened due to the cyclone Vardah, which has caused a massive power and network outage in the city. This has thrown a lot of the progress made in the digital payments space for a loop.

The cash crunch in Chennai has worsened due to the cyclone Vardah, which has caused a massive power and network outage in the city. This has thrown a lot of the progress made in the digital payments space for a loop.

Chennai city has suffered a massive power and telecommunication netwrok outage. Retailers and hotels had to bear the brunt of the city's telecom blackout in the last couple of days. With the currency shortage already affecting revenues of these businesses, non-functional card machines have added to their woes.

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First Published on Dec 14, 2016 10:27 pm
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