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Wednesday, 23 November 2016

Payments going the plastic way: Is India ready for cashless transactions?

Having gotten crisp vegetables from the neighborhood merchant, Avinash went after his back pocket to pay, just to understand that his calfskin wallet has been sucked dry by the withdrawal of Rs 500 and Rs 1,000 group notes. He promptly flashed out his cell phone, checked the QR code held tight the side of the slow down, punched in the sum and the installment was finished. The seller gets a SMS alarm thus does he, 'exchange effective'.

Will this be the India that turns out from the opposite side of the demonetisation drive of the administration? Will money be seized from the lord's position of royalty and will computerized win the fight at last? Maybe yes, maybe no, however brokers are trusting this most recent activity of the legislature gets rid of dark cash as well as energizes advanced installments.

Source:- timesofindia.indiatimes

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