Telangana ranks 2nd in Walnut’s cashless score card
Posted on:27 Jan 2017 18:22:05
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27 January 2017 Current Affairs: Telangana ranked second in the `Cashless India Scorecard’ prepared by Walnut app to track the growth of digital payments in the country.
The scorecard is meant for comparing how each state is moving towards a cashless economy post- demonetisation based on an aggregate and anonymised analysis of Walnut’s over five million user data.
It ranked States based on percentage increase in overall cashless transactions, growth in shoppers using debit or credit card for the first time and growth in merchants accepting digital payments.
Based on these parameters, Gujarat, Telangana and Haryana emerged as the top three states with the highest growth in going cashless.
Telangana government promoted the cashless push through a mix of communication, infrastructure support and partnering with banks, an adoption at this level is only possible by a ground-up consumer willingness to learn something new.
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