India to introduce its first cashless state

Published on : Thursday, December 1, 2016

mobile-travelIndian State of Goa is about to become the first state in the country to go ‘cashless’ from the last day of 2016. From 31st December’16, people in Goa will be able to purchase anything after pressing a button on their cell phones.



Goa is considered to be one of the most famous tourist destinations in India among the world travellers. In order to encourage a ‘cashless society’, Indian government has decided to take the initiative to make Goa the first state to go completely cashless.



According to the chief secretary R K Srivastava, the money on purchases will be debited to the person’s bank account.



It has been found that from 31st December, all transactions will be done with the help of mobile phones and not necessarily smart-phones. People will have to dial *99# from their cell-phones and then they need to follow a set of instructions in order to complete the transaction. One can even buy vegetables, fish or meat from small vendors or big establishments with the help of this procedure.



Shopkeepers and vendors, who cannot afford to keep swipe machines, must be pleased with the new system of transferring money from mobile phones. But, the comparatively larger establishments will also accept debit and credit cards from their customers.



At Panaji and Mapusa in Goa, vendors, small shop keepers and citizens will be informed about the new cashless system on Monday, 5th December.



Chief Minister of Goa, Laxmikant Parsekar has informed that no additional fees will be charged for any transaction over mobile phones and there will not be any minimum limit as well. But the authorities will not completely ban cash transactions in the state.



The Defence minister, Manohar Parrikar has discussed about the cashless scheme with the government officials and bankers at a meeting on 26th November, Saturday.

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