Wednesday, November 17, 2021

QR CODE

Quick Response Code or QR Code is new wave among Digital Payments users .its prevalent in all  merchandiise 'where there's direct cash transactions . Though  there's  favouritism  among people about preferred provider of QR Code  Merchants keep ALL in One QR Code to accept payments if the customer prefer to pay by wallet instead of Cash.All - in - One QR Code have all major providers of wallets  like Paytm ,Phonepe ,BHIM ,Google Pay  to name a few. Digital Transactions can replace cash to a great extent  if we are digital savvy person . Once it is habitualised   it would come in handy.Since most of us use Smartphone Digital Wallets help to sync  bank accounts to do the payments .In the aftermath of Demonetisation  Digital Revolution happened in India and subsequent development of this utility -Fintech  saved and cleansed the Economy. QR Code helps one to embed link of a website and display  as stickers in order to make it accessible to their subscribers like you find in Newspapers and  Magazines.

 

 

                                      Given below is Expenses of an Average Person in a Month

33.30 % - Digital Transactions Debit Card /Wallet Transactions  

67.70 % -  Cash Transactions 

Second Diagram shows the usage of a Digital Savvy  Person with impetus on Digital transactions depicted in Blue .

60% -Digital Transactions Debit Card Wallet Transactions 

40% - Cash Transactions  


   


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