Some vegetable vendors and small traders in India have taken to using cashless means of payment like Paytm and card readers due to the government's demonetisation policy, which has led to the disappearance of Rs 500 and Rs 1000 notes. Naresh Kumar, who owns a grocery shop in Greater Kailash, is making online payment services available to keep his business going.
“Our sales dropped after the government scrapped high-value currency notes. People would come with old currency notes which we don’t accept. So I started accepting payments online. Some customers who order in bulk are finding it easy to pay me online,” said Kumar. Sethipandian, a seller of south Indian food in Daryaganj area, installed Paytm on his phone a few days after the government removed Rs 500 and Rs 1000 notes from circulation.
“After government announced demonatisation, the number of customers declined. I then consulted a friend who helped me install Paytm on my phone. I now ask my customers to pay through my mobile wallet. My sales have been restored,” Sethipandian said. Some vegetable vendors in some parts of Delhi have turned to cashless transactions by maintaining a card reader. “People have less cash on them. So my customers are happy now and my sales are back to normal,” said Ravi.
Source: indianexpress.com
