The nation is seeing the first ever initiative towards digital currency or at least digital transactions. Demonetization campaign started by prime minister Narendra Modi in last month has shaken the nation and still we are seeing news highlights and coverage from the news channels for the after effects.
The vendors are moving towards digital transactions,Paytm and card transactions enabled payment methods are seeing convenient to have an eye on the valid transactions. In a recent addressing here in Moradabad, PM Narendra Modi have assured the audience for the situation being normal in coming days and urge them to use the ways provided for the transactions so as to avoid direct transactions with cash.
PM Modi said, "Your mobile is your wallet", as right now we have mobile applications for each bank and vendors to carry out cashless transactions. We are seeing even vegetable vendors and fruit sellers opting to choose digital payment methods so as to avoid cash crunch and handling change.
"You need not be in a long queue at the ATM to withdraw money, you can purchase each and everything from your mobile and even sitting at your home.", were the words from the national leader.
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