Singh bling Posted January 3, 2017 Posted January 3, 2017 Quote Cobrapost–India News Exclusive: Operation Black Machine Our investigation reveals that these swipe machines sold unscrupulously by private companies can be had by bullion trade, NGO and hawala operators who can put them to good use and beat the system. Even someone who is running a sex racket can avail himself of this tool to ply his trade with impunity. Let us show you a guideline of the Indian Overseas Bank, for example, which clearly states the saving bank account is meant for commercial or business transactions. Now, the question is how private companies can so easily sell their swipe machines to such individuals on the basis of their saving bank accounts. http://www.cobrapost.com/news/cobrapost-india-news-exclusive-operation-black-machine/23285
beetle Posted January 3, 2017 Posted January 3, 2017 (edited) On 12/30/2016 at 11:11 PM, Singh bling said: Today I was at stationary shop for photocopy,there were two women were purchasing some gifts when photocopy started of 15 pages both sides. they asked the amount and shopkeeper said 280 rupees. , they started scanning freecharge code but it did not happen , shopkeeper told them transfer money to mobile number , they tried it did not happen , then shopkeeper asked them if they had card they gave it , he also started trying it with his wireless machine but again the transaction did not happen ,so shopkeeper again started photocopying and finished my work .I paid him in cash but those women were still standing their , cashless India You are so easy to please. Two women who were new to the digital payment world got stuck and you are. I bet people slipping on banana peels make you..... Edited January 3, 2017 by radhika
tweaker Posted January 3, 2017 Author Posted January 3, 2017 In a move to boost online payment for LPG refill, major oil companies like Indian Oil Corp, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Limited (HPCL) on Tuesday announced upfront discount of Rs 5 on every LPG refill for their customers.
tweaker Posted January 3, 2017 Author Posted January 3, 2017 14 minutes ago, tweaker said: With an aim to meet the government's vision of digital economy, SBI has partnered with Hindustan Coca-Cola Beverages and Coca-Cola India on Tuesday to facilitate digital payment solutions in business transactions. The recent partnership between the three companies will enable over 2.6 million retailers and 5,000 distributors to conduct their business transactions digitally. "The digital payment solutions in business transactions will help further strengthen our retail chain ecosystem covering over 2.6 million retailers and 5,000 distributors and will substantially reduce the dependence on cash
Singh bling Posted January 3, 2017 Posted January 3, 2017 3 hours ago, radhika said: You are so easy to please. Two women who were new to the digital payment world got stuck and you are. I bet people slipping on banana peels make you..... Who told you I am laughing on those women I am laughing on the stupid Govt that is promoting cashless India without infrastructure. And those women were not even new to digital paym,ent they had freecharge , paytm all installed plus a debit card.It is just that wireless network was not coming.I myself was stuck at several shops like stupid for 5-6 minutes just to pay 50 rupees .
wtachetna Posted January 4, 2017 Posted January 4, 2017 The thing we can do is leave India. This is one most corrupted country I have ever known. But as we cannot leave our family we ought not to leave India and fight like a warrior. These two options we have, whichever we choose, we should stop complaining about the problems afterwards.
coffee_rules Posted January 4, 2017 Posted January 4, 2017 (edited) I paid thru paytm at the salon, bakery and also to the fruit vendor. Paid through online transfer to the maid. I don't need cash at all, at this rate. I need cash only if I go to the farmer's market. I think urban India has become more cashless than ever before after 8/11. In one of the book-fairs at work, the wireless card swiper failed to work. He took my e-mail Id and ph# and sent an e-mail with his account details and I did online transfer. I think with majboori, we will find ways to become cashless. Edited January 4, 2017 by coffee_rules beetle and dial_100 2
Mariyam Posted January 4, 2017 Posted January 4, 2017 16 minutes ago, coffee_rules said: I paid thru paytm at the salon, bakery and also to the fruit vendor. Paid through online transfer to the maid. I don't need cash at all, at this rate. I need cash only if I go to the farmer's market. I think urban India has become more cashless than ever before after 8/11. In one of the book-fairs at work, the wireless card swiper failed to work. He took my e-mail Id and ph# and sent an e-mail with his account details and I did online transfer. I think with majboori, we will find ways to become cashless. Coffee saab, I thought you were the snooty NRI types!!! PS: Your work place has a book fair??? I'm sending in my CV. coffee_rules 1
coffee_rules Posted January 4, 2017 Posted January 4, 2017 15 minutes ago, Mariyam said: Coffee saab, I thought you were the snooty NRI types!!! PS: Your work place has a book fair??? I'm sending in my CV. Yes, I have come across the snooty types even among non-NRIs here who sit around and b*tch about India endlessly. I think most IT/Tech parks etc have book fairs, I have bought books only there and never in stores. sometimes in amazon.
beetle Posted January 4, 2017 Posted January 4, 2017 1 hour ago, coffee_rules said: I paid thru paytm at the salon, bakery and also to the fruit vendor. Paid through online transfer to the maid. I don't need cash at all, at this rate. I need cash only if I go to the farmer's market. I think urban India has become more cashless than ever before after 8/11. In one of the book-fairs at work, the wireless card swiper failed to work. He took my e-mail Id and ph# and sent an e-mail with his account details and I did online transfer. I think with majboori, we will find ways to become cashless. +1 Except for maids ,I have only used rs 20 till now. Aim is to use only 5000 rs cash this month.I got 20,000 from the bank this month and hope to stretch it for 2-3 months. The only people who are not using cashless transaction around our place are Dhoni.,mochi (cobbler) and small repair tailor....but they all been told to start.All service providers will have to change to cashless option. We had gone to buy some stuff...his machine connection was not working properly and paytm limit had exceeded.We left the place without buying.Next time he will work harder to maintain the machine. As a customer,if I want to make sure my money is not turning to black money for someone else...I have a right to have that option.We all have the right to not be used by the corrupt.Now we have an option. coffee_rules and dial_100 2
tweaker Posted January 10, 2017 Author Posted January 10, 2017 Digital payments firm Paytm today said its wallet business will soon be transferred to its payments bank but quashed social media rumours that the m-wallets will stop working after January 15.
tweaker Posted January 11, 2017 Author Posted January 11, 2017 Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey.
tweaker Posted January 12, 2017 Author Posted January 12, 2017 Finance Minister Arun Jaitely on Thursday launched Airtel's Payments Bank. The company said that Airtel Payments Bank will have an initial investment of Rs 3000 crores to develop a pan India banking network and digital payments ecosystem.
Singh bling Posted January 18, 2017 Posted January 18, 2017 Quote There's bad news for Modi's digital push as card use slows and cash makes a comeback Read more at:http://economictimes.indiatimes.com/articleshow/56639655.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Singh bling Posted January 23, 2017 Posted January 23, 2017 Quote http://www.thehindubusinessline.com/economy/system-not-yet-ready-for-cashless-economy-rbi-governor-tells-pac/article9493664.ece System not yet ready for cashless economy, RBI Governor tells PAC
tweaker Posted January 27, 2017 Author Posted January 27, 2017 Digital payment gateways and makers of credit and debit card readers are resisting a government panel’s recommendations to slash the fees merchants have to pay banks on card transactions.
tweaker Posted February 1, 2017 Author Posted February 1, 2017 In a move to push digital payments, the government on Wednesday removed all duties on devices used in the process of cashless transactions like point of sales machines, finger print readers etc.
tweaker Posted February 2, 2017 Author Posted February 2, 2017 Nearly Rs 94 crore has been spent by the government for spreading awareness about digital payments and popularising less-cash economy post demonetisation, the Rajya Sabha was informed today.
tweaker Posted February 5, 2017 Author Posted February 5, 2017 Digital payments have gained popularity among consumers but have also brought in the threat of cybercriminals placing fake e-wallet apps to dupe users.
wtachetna Posted February 7, 2017 Posted February 7, 2017 I'm suffering a lot ever since the demonetization took place in India. All my expenditure got effected. I abstain from going to market because there is only 50% chance that I would come with the things I wanted as only few people are accepting digital transaction.
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