Friday 2 December 2016

ARE CASH LESS PAYMENTS RELIABLE?


According to the Given Data of Reserve Bank of India. RBI Issued 71.24 Corers Debit Cards (many of people had multiple accounts are also comes to under this data). But Coming to villages there were no swiping machines and many people habituated to do payments with money more than that people who had debit cards also not habituated do payments by using card.

Also, there was Shocking Fact that about 85% people are using debit cards to draw the money instead doing payments using cards.

If we look out one lakh payments approximately 94 thousand payments are done by money and about 6 thousand payments are done by cards.


25 JANDHAN YOJANA Accounts are started in that 20 Corers RUPAY Cards are issued.


There were no accounts of Money Payments done in the year 2015, but in the same time Google India, Boston Consulting Given a Report  that 20- 25% payments using money done in developed countries namely America, Japan, and France, Germany. Will it possible? That about 75% payments to be done using Cards

In our Country approximately 1, 50,000 post offices are working with computers so, we can do our money payments using computers in post offices.      


14.6

Present in our Country there are only 14.6 Swiping Machines are present. And to do payments, and buying etc we need swiping machines.

To do more cashless payments Government given orders to give 10 lakh Swiping Machines to all the shop keepers by next 3 months.

Because Banning of Big Notes Mobile E-wallets. E-wallet Business increased about 4% and at Present they are increasing a lot


Illiteracy


In country approximately 4 times Ratio people are illiteracy. 3 times Ratio peoples are Literacy.
There was no people at least % that all that people who could read and write more than one language. Will it Possible all the people can understand all these online process etc.

DIGITAL, ONLINE LITERACY

In our Country Half of the Percentage people are Youth aged about 25 all these young people can easily acquire the knowledge although people whor doing online transactions they don’t have DIGITAL  Knowledge fearing towards hacking cyber many of them not doing card payments.


Population in India is around 138 crores, and consists 1.32 lakhs of bank branches. Around 68% of population lives in villages and 32 % of population lives in cities. Among all the bank branches only 38 % of branches are in villages and about 62 % of branches are in cities. For all the people there are only 2.03 lakhs of ATMs.    



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