The rise of Demonetisation does tend to challenge those apps that are circulating high monetary percentage wit expanded limits and certain value credit to online valet for those who generally use them. The time concede not a large amount in such activities online thereby the digitisation has effected in high quantity in India after the closure of 500 and 1000 Rest notes on 8th of November 2016. It is now decided however for the safety of people's money and account by Paytm like famous apps that there would be a certain security layer available so people can proceed further on to continue their monetary transactions.
It was earlier demanded by the public in India context that as the generated quantity has increased in expanded limits by public use after demonetization, it is indeed necessary that certain precautionary measures must be provided for their ultimate safety. Paytm has now exclusively revealed the lock systems as security layer for the transaction in online ventures by online wallets in the context of people of India so they can use such high facility technique to lock their all services themselves in any case of misuse or track down by any other person as far their own monetary and security reasons are concerned in the context of online transactions, though.
This facility gives them the opportunity to lock their transactions at any time if any suspicious activity has been found on. They can themselves lock and unlock their transactions and their accounts in Paytm so this not only give them a boost as a security layer but it also provide a relief of sigh as the economic activities increased for Paytm after demonetisation. The questions have been raised on this safety layer too about its break by any suspicious professional online user, but till then we can only hope that such idea won't be formed but who knows how quickly the counter move could be aligned.
In this way, let's hope that people welcome Paytm’s move in this direction and continue their online transaction as it has become a must applied proceeding today in Indian context...
RBI eases two-factor authentication norms for online transaction up to Rs 2,000
Bingo M2 Smart Band with OLED display, heart rate sensor
Chrome 55 for Android Brings New Offline Download Attribute, Spell checker and Extra