Digital cash solutions is the big thing in India now
PM Modi’s spectacular demonetization move was such a surprising move for almost every Indian. And it has initiated so many things. Digital cash solutions are also a part of this move. That took Indian economy to the next level. We all are hoping the best results after this transformation.
Digital cash solutions are helping few people those who don’t like carrying cash with them. Now a day’s almost every business is going digital. We have recently experienced that few street vendors are also using services like PayTm in order to enhance their services. This is such a revolutionary change in India.
Now when it’s come to E-wallets like PayTm, Freecharge and MobiKwik have established already and enjoyed amazingly well after the PM’s announcement of Rs 500 and Rs 1,000 notes ban.
Recently RBI has also enhanced the limit on few e-wallet wallet apps and that has now 20000 Rs now. That will really help in order to encourage digital cash solutions.
As per a latest update, now banks are also going strong on USSD-based transactions, with the help of the NPCI. Well USSD is such payment system that one can easily use on its mobile phones that too without internet connection.
After the announcement of notes ban, Indian Government has already launched an amazing e-wallet BHIM app. This is also trending now a days.
Going further, now government has deducted the charge as well as commissions on e-payment app to support a cashless economy. Well consumers just have to spend on data services.
Nowadays government has asked few Smartphone manufacturers as well to manufacture few Smartphones at really low costs. This is just to develop the digital cash solutions. We all hope we’re going to be one of the largest economies in this world after this move.
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