A sudden removal of 86% of India’s currency from circulation without having adequate supply of new notes is that fact that India is more dependent on cash. Therefore, a huge chaos has been caused by demonetisation of currency leaving people with less cash in hand.
Since then, the importance of cashless transactions has been boosted and the demand of Point of Sales (POS) machines, e-commerce transactions and payments through cheques and coupons are gaining steam.
To incentivise the move towards a cashless economy, milkfed verka has tied up with Paytm across 13 milk bars and 50-60 milk booths are in the stack to be facilitated with digital transactions.
Advantages of going Cashless:
The biggest advantage of going cashless is conducting the financial transactions easily; no heavy wads of cash or waiting in long queues for the ATM withdrawals. Digital transaction helps in spending money safely and will be extremely beneficial in case of hospital emergencies.
In order to promote digital transactions, government has waived off service tax on card transactions up to Rs. 2,000. Moreover, mobile wallets such as Paytm & Mobikwick provide cashback offers and Credit cards also provide reward points & loyalty benefits. So, it’s a great time to take the advantage and increase your savings!
Cashless transactions create a digital record that can help you keep a tab on your spending and better budgeting in future.
Credit card or a mobile wallet is safer option than carrying cash because if stolen, it is easy to block credit cards and mobile wallets whereas it is impossible get cash back.
Now, verka customers need not worry about the cash and can use Paytm to pay their daily dairy buys. Over the coming months, all the verka outlets across the tricity will be integrated with POS machines and Paytm.
Have a safe, easy and a happy dairy shopping!