Cashless Technology Association

About Us:

The Indian government is encouraging people towards the cashless economy. Cashless Economy can be found only when the cash is reduced gradually in the economy and all transactions like electronic media such as Direct Debit, Credit and Debit Card, Electronic Clearing and Payment System, such as Instant Payment Service (IMPS), National Electronic Use of Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS).Benefits to citizens from the cashless economy in the country: There is no need to take cash to get goods and services. Walking through currency notes and losing hard-earned money can be avoided. In the absence of open money, can avoid paying additional cost, resulting in the actual outstanding amount can be paid. The cost of transactions can be low. Convenience in shopping, payment of bills and financial transactions can be done from home, office or anywhere through your smart phone. It certifies financial transactions and maintains proper records. If all financial transactions are from electronic means, then it is impossible that black market and become an underground economy and damage to the national economy. Digital payments indirectly reduces the cost of printing of currency notes and the need for traffic. Electronic transactions help fight corruption and reduce the flow of black money. This way helps in the development of the country's economy. Less use of cash prevents it from being illegal and makes better tax (tax) compliance. The result of increase in tax base will be that more funds will be available for the state's funds and funds for public welfare programs of the government.

Cashless Technology Association provides gratis cashless technology literacy through their more than 150 center's in India for supporting 'Cashless India' initiative of Government of India .