Saturday, December 10, 2016

Preparing to live in a Cashless India

Now I have online banking (NEFT, RTGS, IMPS) and UPI app to send / receive digital money.MMID received from mobile banking registration allows any person to send money to me from their feature phone (basic phone without internet) to me using USSD services.MMID number and my mobile number is enough to transfer money. But I am damn sure , government will introduce transaction fee and taxes in to this in the future and mess up our lives.

21.12.2016: Visa is the beneficiary of the government policy. We should all use the Rupay card so that India's wealth is not flowed to the west when the digital transactions increases in the near distant future.Ask for Rupay card if you are planning to get a new debit card cum ATM card.

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