Hazira's first private sector township to go cashless
Posted on:21 Mar 2017 09:42:32
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21 March 2017 Current Affairs: Essar's Nand Niketanat Hazira has become India's first private sector township to go cashless, using the mobile wallet for performing digital transactions.
A Mumbai-based tech company was roped into provide smartphone based application for mastercard-enabled mobile wallets. Till now around 8,000 prepaid cards have been issued in the Nand Niketan township to the employees, merchants and shop owners operating within its precincts. An average of Rs 2 lakh worth of digital transactions are being executed every day.
All Essar employees now get a nominal part of their salary as a credit into their mobile wallets. Our cashless efforts have been appreciated by the district collector as well.
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