Cashless transactions are fast becoming a thing of the past. People are reluctant to use cashless facilities, which has made the government’s much-hyped campaign a failed episode.
The AP Government has decided to cancel the cashless system and restore cash transactions at ration shops. Causes for the failure of the cashless system include slow internet facilities, difficulties in connecting to the server, repeated failure of the iris and fingerprint recognition system, and the failure of transactions. The hassle involved has made the system non-viable for traders. In many shops, the ePose machines have already been kept aside and a majority of the sales are conducted via cash transactions.
After demonetisation, the AP government had introduced the Aadhaar-enabled Public Distri-bution System (AePDS) under which ration cards were linked to the bank accounts of ration card-holders. There are 1,38,67,107 ration card-holders across the 13 districts of AP; of these, the iris’ of 76,412 cardholders have successfully been scanned in the month of July, while the iris scans of 85,038 persons have failed. Full story...
Related posts:
The AP Government has decided to cancel the cashless system and restore cash transactions at ration shops. Causes for the failure of the cashless system include slow internet facilities, difficulties in connecting to the server, repeated failure of the iris and fingerprint recognition system, and the failure of transactions. The hassle involved has made the system non-viable for traders. In many shops, the ePose machines have already been kept aside and a majority of the sales are conducted via cash transactions.
After demonetisation, the AP government had introduced the Aadhaar-enabled Public Distri-bution System (AePDS) under which ration cards were linked to the bank accounts of ration card-holders. There are 1,38,67,107 ration card-holders across the 13 districts of AP; of these, the iris’ of 76,412 cardholders have successfully been scanned in the month of July, while the iris scans of 85,038 persons have failed. Full story...
Related posts:
- India's Modi calls for move towards cashless society...
- The real Indian currency crisis: things you don't hear in the news...
- What do the cash queues tell us about India?
- The countries where cash is on the verge of extinction...
- They are after your cash (and if this happens they will get it)
- Cash won't die out because shoppers do not trust contactless or mobile payments...
No comments:
Post a Comment