Small traders who have conducted transactions using cash all along might find the switch to digital modes slightly difficult initially. The workshops will help them understand the several ways digital transactions can be conducted and how it helps maintain transparency of transactions, said S. Srikanth, NIELIT.
Demonetisation resulted in many small traders incurring severe daily losses. To cope up with that, PoS machine applications in local banks increased nearly three-fold as traders did not want to fall behind. This is a good sign, as small traders will be gradually be able to match to the digital plan of the Centre and not be left behind, said Praveek Khandelwal, Secretary General, CAIT.
NDTV along with MasterCard is launching a multi-platform campaign “Cashless Bano India”, to create digital awareness and educate the masses about digital payment solutions for day to day transactions.
The campaign aims to take the message of a cash free India to the country, all while educating them on the ways and means to do it.
We aim to reach out to people and educate them on:
1). Digital and financial literacy
2). New generation digital payment solutions
3). Enabling merchants and consumers to understand and adopt secured and safe payment Solutions
4). Ease of usage at point of sales