go cashless with digital transactions
TRANSCRIPT
Go Cashless with Digital
TransactionsEcosmob Technologies Pvt Ltd
+91-79-40054019+1-303-997-3139
Agenda
● Overview of Digital Transactions● Pros and Cons of Digital Transactions● Different Modes for Digital Transaction● How can your business go Cashless● World’s First Cashless Country● Q & A
Overview of Digital Transactions
Overview of Digital Transactions
What is a Digital Transaction
● It is a method in which you can make cash transactions without any physical cash.
Success of Cashless Economy
● Supporting infrastructure● Awareness
Examples of Digital Transactions
● Retail Store● Tickets● Insurance● Bill Payments
Current Scenario
233 Million Indians
Have never seen a bank
ZeroBalance accounts
Only 1%India’s total purchases through
Credit Cards
86%Cash Economy
₹27 Billion Currency issuance and
management
Pros and Cons of Digital Transactions
Pros and Cons of Digital Transactions
Why is this necessary?
Reduced instances of tax avoidance
Pros and Cons of Digital Transactions
Why is this necessary?
Black Money
Pros and Cons of Digital Transactions
Why is this necessary?
Regulation of Real Estate Prices
Pros and Cons of Digital Transactions
Why is this necessary?
Costs related to currency issuance and management
Pros and Cons of Digital Transactions
Why is this necessary?
Transparency
Pros and Cons of Digital Transactions
Why is this necessary?
Fake Currency Notes
Pros and Cons of Digital Transactions
Why is this necessary?
24 x 7 Availability
Pros and Cons of Digital Transactions
Barriers
Availability of Internet
Connection & Bandwidth
Pros and Cons of Digital Transactions
Barriers
Financial literacy
Pros and Cons of Digital Transactions
Barriers
Online Frauds
Pros and Cons of Digital Transactions
Barriers
Unless people start operating bank accounts, cashless economy is not possible
Pros and Cons of Digital Transactions
Barriers
Reluctance of Small retailers
Different modes of Digital Transactions
Different modes of Digital Transactions
● Plastic Money● Net Banking● Mobile Wallets● UPI● E-Wallets
How can your business go Cashless?
How can your business go Cashless?
Cashless is the new Cash!
Online Stores
How can your business go Cashless?
Cashless is the new Cash!
Mobile Wallets
How can your business go Cashless?
Cashless is the new Cash!
Payment Via IVR
How can your business go Cashless?
Cashless is the new Cash!
Kiosks
About the world’s First Country with Cashless Economy
Conclusion
● Encouragement by a lot of Countries and Governments● More pros than cons.● Different approaches using which you can integrate digital
transactions in your business to support cashless transactions.
Ecosmob Technologies Pvt LtdIndia2nd Floor, D Block,Satyam Corporate Square,Sindhu Bhavan Road, Bodakdev,Ahmedabad-380059,India: +91-79-40054019
USA407 Queensbridge Rd., #1018Arlington, TX 76014USA: +1-303-997-3139
Krunal [email protected]+91-990-435-4289 +1-303-997-3139
Sachin [email protected]+91 9586861233+1 508-507-2537