Abandoning cash in favor of cashless payment systems
Beneficial for the customers, contactless transactions are ideal and safer as local grocers are now accepting digital payments for the same reason. This has recorded a high volume and value of digital transactions to new levels during the lockdown.
Setting an economic revolution, India’s demonetization initiative is driving towards developing a cashless economy. When Covid-19 made grocers switch to accepting digital payments, the change was adopted swiftly. The Cashless Revolution is about abandoning cash in favor of cashless payment systems. The world is going cashless and mobile payment apps have gained a lot of popularity over the last few years. The future of cashless payments seems to be happening in Asia. Kirana stores are leading the way and driving the cashless revolution in India. Electronic payment systems are no longer discriminatory against underprivileged and marginalized groups, such as the poor, minorities, minors, and senior citizens.
“More than a hundred customers come to my shop daily, I don’t want to get exposed to the deadly virus nor put buyers at risk. That’s why we accept digital payments,” said a grocery shop owner. He accepts payments via Google Pay, Paytm, UPI, and Phone Pe.
Another Kirana store owner said: “Customers prefer to make payment via digital mode due to safety reasons. I find it very convenient. There is no hassle of giving change and the money gets transferred into my bank account immediately.”
Kirana stores, India’s local neighborhood shops, sellers of groceries, and even top branded consumer products. The usual cash-led business has moved to accept payments digitally, especially in urban and semi-urban areas. Customers are looking on contactless transactions for the sake of safety and Kirana stores are now accepting digital payments for the same reason. Retailers and small businesses are all finding it useful to join ePaisa as it helps their customers to purchase and take products right then and there, so they don’t have to stand in a queue at the checkout counter.
With ePaisa you can go cashless and cardless with the quick QR payment. The ePaisa QR Code option is available for merchants to accept payments easily from any UPI-enabled app of the customers. With such exceptional features, the merchants can easily view their business data, sales reports, manage all the stocks, and carry out smooth business operations.
Due in the wake of the ongoing crisis of the COVID-19 pandemic, ePaisa point of sale ecosystem has initiated measures in a bid to help their SME, retailer and Kirana stores that have been working heroically. The ePaisa POS solution helps the merchant from all across the country with focus to convert the offline business into online. While the business community is facing this crucial phase, ePaisa has initiated various measures to help run their business smoothly.
ePaisa is approaching merchants offering informative guidelines, messages, emails, and calls which help them to be aware of the benefits they can avail from the private and government sectors. The company helps them keep a track of updates that benefit them and assist them in managing their financial state, the company ensures they have regular updates right about tax, EMI such as the recent RBI announcement about long-term repo operations.
ePaisa works to upgrade all the features and helps the business to be carried out seamlessly with regular demo whenever required by the shop owners. Even with work from home, the film offers customer care to assist for all of the merchant queries. Along with other benefits, ePaisa QR code payment is a one-click payment option that is available for the merchant to use alongside their POS.
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