Unable to undertake transaction in the absence of Rs 500 and Rs 1000 notes, some vegetable vendors and small traders have taken to using cashless means of payment like Paytm and card readers. Naresh Kumar, who owns a grocery shop in Greater Kailash, is availing online payment services to keep his business going.
“Our sales dropped after 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 sale has 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 sale is back to normal,” said Ravi.
People who were facing problems in carrying out purchass because of cash crunch also are relieved with some vendors in their areas offering their customers cashless means of payments.
Nandini Tomar, a resident of south, Delhi said, “It is a major relief that some grocery shops and fruit sellers are accepting the payment online. There are long queues outside banks and arranging for cash is a real problem now.”
Source: The Financial Express
