Since
the government decision of note ban came on November 8, digital
payment has taken an uplift with making all the possible options of
payment popular. Other than cash exchange, Payt. & Mobikwik both
has come up as the most convenient and promising digital payment
ways. Starting from small eating outlets to shopping zones, the
e-wallets are serving as the advantageous and convenient both to the
company and to consumers.
With
the current limit of Rs. 10000 in your e-wallet accounts one can
suitably either transfer the money with bar code scanning or by
entering the mobile no. of seller for your utilities. Digital Payment
players are all lauding government with the demonetisation decision,
which in a way has been increasing high number of money transfer
through digital wallets.
The
time when announcement of demonetisation was done, Google's play
store has registered 50 million downloads of Paytm app. It is not the
convenience alone it offers, one also gets cash back on lot of
products and services. So it isn't just the digital payment you get,
it offers more than that.
Though
everybody is trying a way out to deal with demonetisation not to
forget that still, while paying through cards we at times are charge
2 to 3 percent extra for transaction. Moreover, there are still
millions of small vendors even in big cities who does not have a
Paytm account or does not know the usage of smart phone. Ironically,
even 4G connectivity is a challenge for us and with unexpected
increase in the usage of digital payment internet connectivity is not
lesser than a pain in head.
Nevertheless,
e-wallet companies are getting cashier and bigger than they might
have targeted.
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