Demonetisation herald a new wave of enthusiasm among Public who expects a clean system without nepotism and its impact comes to the fore now in the Second phase of BJP Government .it is a bold Step considering the thriving Unorganised Sector where many Unscrupulous Business Tycoons indulges in International Trade by non-complying with India's Banking Regulations and Counterfeit Currencies.
This has substantially increased Non Cash Transactions like Card payments and thereby brought in new mode of #Cashless Transactions like Payment Wallets,UPI etc which ushered in a new interest among middle class income group to familiarise using Apps through their SmartPhones.It turned out to be a New Avenue for them to get initiated to Digital Revolution and Global Practice. Demonetisation intends to Cleanse the entire Economic Transactions in the country and bring prudence and made it Simple.Many Payment Apps have promotional offers which attract youth who engages in GIG Economy namely Delivery,Logistics and Door to Door Repair Service.
As #Cashless Transactions gains momentum many unscrupulous elements are trying to take advantage of unawareness among people on the features of Payment wallets and UPI .I came across one News Report about Payment fraud happened in Gujarat akin to one attempt I encountered few days Ago
ReplyDeleteContactless Transactions gains momentum because of lockdown imposed to combat Covid-19
ReplyDeleteI availed Online Groceries Ordering which has become a new phenomenon during this covid-19 lockdown restrictions.
ReplyDeleteUPI/wallet transactions proved to be a blessing in disguise for
ReplyDeleteMe when I rely on it for micro-payments since I am a agent and also keep books.
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