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Demonetisation effect: How the common man is going digital amid cash crunch

Demonetisation effect: How the common man is going digital amid cash crunch

Azhar Pasha, a locksmith in central Bengaluru, realised that customers who came to get their new keys were often helpless and asked for credit. One customer, a manager with online payments company Freecharge, showed him a way out and opened an account for his store, Global Key Makers. Pasha could now accept cash on his phone.

“I have been in this business for 10 years. This is the first time I have moved towards cashless transactions,” said Pasha.

Soon, Paytm and MPoint representatives got in touch and set up their payment systems on Pasha’s mobile phone.

Pasha now accepts mobile payments for all his services and is going to the next level. “I have reached out to Axis Bank to get a PoS (point of sale) machine. It will take a while. Meanwhile, these wallets are extremely helpful,” he said.

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