“Cashless is the new revolution in the era of Demonetisation “
Sudden change in financial structure has amplified concept of “go cashless’ in the era of demonetisation. People are facing the problem of cash crunch and looking for alternatives of cash payments.
Demonetisation has escalated the importance of technology in wealth. Most of the people are using online and mobile payment. Mobile applications like Paytm, MobiKwik, Urban clap, Buddy, PayUmoney UPI and many more have altered the mode of payment to Mobile /cashless transaction. These Apps provides hassle free payment of bills, online cash deposit, Grocery or Vegetable Bills, Mobile or Electricity or Water etc.
For everything starring from food to medications, there are numbers of apps available to make your transactions more convenient. Demonetisation is pushing for a cashless economy and people are diligently purchasing any stuff. This is the best time to clinch technology and leverage it to manage your money. But still there many people who are afraid to use these applications due lack of technological knowledge.
When we talk about the most used mobile app, then Paytm comes at Number one. It is widely used by the people it has been the face of digital currency. They also have their own mobile payment gateway, in which you don’t even need your debit or credit card for transactions.
Paytm allows people to send or receive money from their friends or relatives. Millions of people are using this for small transactions to Vegetable Auto Shop Vendors and many more. Companies are also providing heavy discounts, freebies and cash back offers to buyers.