CNBC-TV18’s Varinder Bansal has a list of stocks that are likely to benefit from the Indian economy moving towards cashless payments.
List of companies
Quick Heal Technologies - A play on anti-virus software for mobile phones, laptops
RS Software – A play on electronics software. VISA was one of their big clients in the past
TVS Electronics – A play on electronic payment products. Makes swipe cards and billing machines
HCL Infosystems – A play on Aadhaar Data. It also -maintains central database of nearly 100 crore individuals.
Nucleus Software – Developed world’s first offline payment solution software.
For more detailed analysis, watch video
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