Andhra Pradesh light years away from being a cashless society

A year after demonetisation, the sunrise state of Andhra Pradesh is still a long way from becoming a completely cashless society.

Published: 08th November 2017 01:52 AM  |   Last Updated: 08th November 2017 11:30 AM   |  A+A-

Express News Service

VIJAYAWADA: A year after demonetisation, the sunrise state of Andhra Pradesh is still a long way from becoming a completely cashless society. The big push for digital payments on November 8 has apparently not lasted long. Though the state government encouraged cashless transactions through PoS machines at ration shops, rythu bazars and in the payment of pensions, taxes and other utility services, the number of digital transactions has come down drastically.

Government banks are still supplying PoS machines to traders who have placed applications for the device. In December last, banks in the state received over 38,000 applications from traders. Around 17,380 units have been installed and are in use and over 10,000 are in the process of being set up. Interestingly, a majority of the applications have been withdrawn, but the government is still finding it difficult to meet the demand as banks are running short of the machines. “Now, we get two or three calls a day enquiring about PoS machines. In December last year, we sold at least 20 machines a day. That was an almost ten-fold increase,” said T Srujana, PoS machine dealer with SBI, Vijayawada.

State departments require 76,147 PoS machines, but as on date, only around 25,000 devices have been installed at commercial taxes, excise, APSRTC, MeeSeva, IGRS, labour and electricity offices. Rythu bazars and checkposts alone need 2,895 machines. Gas dealers and Municipal Administration & Urban Development offices require over 3,800.

However, few PoS transactions are made there. Durga, a vendor at the rythu bazar in Swaraj Maidan here, said in the initial days of demonetisation others like her had no choice but to adopt PoS machine transactions. She ended up paying `4,000 to APCOB bank for the device and now spends `400 as rental charge every month. 

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp