Goa – Are you ready to be Cashless?
Are you ready to be cashless?
After demonetization scenario, The Government of India has chosen Goa to be the first state in the country to go cashless from 1st of December. Goa is likely to become the first state in India to go cashless which in under terms means the public we buy their everyday grocery and perishable food like vegetable,fish,meat, milk and others with their mobile phones.
According to the plan, there will be no need to carry your purse for purchases as all transactions will be done on the mobile. The money on purchases will be debited to the person’s bank account. How will it work? One may ask, well the government will introduce something similar to Aadhar card system – Unified Payment Interface (UPI).
So, What is unified Payment Interface ?
Unified Payments Interface (UPI) is a system that links multiple bank accounts through your phone. It allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of opting for the normal mode of payment like the credit card, net banking etc.
Here you have to register the mobile with your bank and do the transaction with the press of one number and follow the instructions. Similar to that of online banking. But would Goans welcome the move? Considering that the largest section is skeptical with online transactions, specially the senior citizen??
Will your local fisher women accept cashless transaction? Will the local lady selling locally grown vegetables accept bank transactions? Will the morning poder give you bread through this method, at least the long fights for change and take extra bread will end hopefully. We’ll have to wait and watch.
Never the less 2016 is ending with staggering changes the way we used to function.