We are in the midst of the great festive season. With the Christmas just over and as we prepare to move into the New Year, shopping is definitely on the top of your mind. Be it cakes, pastries, fashion, apparels, this is time of the year when everyone generally goes into the shopping spree.However this year things are different in many ways. We are witnessing some path breaking changes.
“The Government of India’s announcement of demonetizing the Rs 500 and Rs1000 notes has taken everyone by surprise. The demonetization has led to a sudden cash crunch. What is a bit worrying though that the same is still continuing. We find that people are still queuing up in banks and in front of ATMs. What is clear is that we are steadily moving into Cash less economy.”
Cashless economy the way forward
The Government too is now emphasizing to go cash less as well. Thus they have been promoting the online and other modes of transactions to limit the use of physical cash for the same. Thus several incentive schemes have been launched in this direction too.
So as an individual it is necessary for you to move with the trend too. So you need to replace your means of using cash with other modes of payments too.
What you could do to ride you through while shopping?
With the steps by the Government of India the indications are loud and clear. It is all about “Digital India“, so you need to do away with physical cash and go digital as well. The same goes for making payments as well. So you need to resort to the online payment options as well. Ways of making Online Payments.
Internet Banking
The first way to do pay is by paying in through Internet Banking. Of the various online payment means, this mode is considered highly safe as the servers of banks are made highly secure. So in case you are not having an Internet Banking User Id, make sure apply for one and use the same judiciously.
Debit and Credit Cards
These modes of payments have been around for some time. These have been more secure with the “OTP” feature. So we are sure you have some and you must start using them as well for your online shopping and your shopping at various merchant establishments.
Mobile Wallets
With the present cash crunch the Mobile wallets like PAYTM are ruling supreme. All establishments even the smaller grocery stores are now using it following the demonetization. Maga Cab services like UBER are having a tie up with PAYTM too. So to make life convenient for you amidst this revolutionary change you need to download such Mobile Apps and do your shopping with them conveniently and save time.
The only thing you have be careful while making online payments is to follow the security precautions suggested. Thus with cash or without cash, shopping would continue, only the mode would change.
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