That’s … not correct. Modi’s demonetization was a huge forced driver of digital payment adoption. It’s what spurred most companies into kicking off their UPI efforts
The goal of demonetisation has never been clear. It was a thuglaq move and Indian right wing has retro fitted motivations to it.
He wasn't. This was PayTM making hay when the sun shone. And obviously glorifying the Dear Leader has its benefits.