Wednesday 23 November 2016

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

Having become fresh vegetables from the area trader, Avinash pursued his back pocket to pay, just to comprehend that his calfskin wallet has been sucked dry by the withdrawal of Rs 500 and Rs 1,000 gathering notes. He instantly flashed out his wireless, checked the QR code held tight the side of the back off, punched in the whole and the portion was done. The dealer gets a SMS caution hence does he, 'trade compelling'.

Will this be the India that turns out from the inverse side of the demonetisation drive of the organization? Will cash be seized from the ruler's position of eminence and will modernized win the battle finally? Possibly yes, perhaps no, however agents are believing this latest action of the lawmaking body disposes of dull money and in addition empowers propelled portions.

Source:- timesofindia.indiatimes

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