Handle cash? STOP! Help kill off coronavirus, save yourself and others too
Coronavirus In India: Cash is still king in India, but it is time it was dethroned!
Coronavirus In India: Cash is still king in India, but it is time it was dethroned! Yes, people must stop using cash as currency notes spread diseases and the same applies to the rampaging coronavirus. The National Payment Corporation of India (NPCI) has urged Indian citizens to use digital payments and thereby reduce social contact and cut the chance of transmission of the novel coronavirus. NPCI, along with banks and ecosystem partners, is ready and committed to helping every citizen during the current lockdown period through robust digital payment infrastructure, it said in a statement.
“In the current lockdown situation, we request citizens to stay at home. We urge all service providers of essential services and consumers to switch to digital payment methods to stay protected,” said Dilip Asbe, NPCI MD & CEO.
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“Our business continuity plan is resilient and has been improvised to meet the challenging requirements for COVID19, across all our payment systems. Specifically, the infrastructure will support the additional load and challenges on the United Payments Interface (UPI) platform, as more and more users are tapping into the benefits, ease and safety of digital transactions,” Asbe added.
NPCI and the State Governments are ensuring that more and more vendors of essential services are on the digital platforms.
“For vendors and merchants, we have fast-tracked the onboarding system on UPI or UPI-QR to make it totally contactless and fully online. Vendors do not have to compromise on self-isolation guidelines to complete this essential task. Vendors and merchants can be safe as they serve society and provide essential services. Consumers can use UPI to pay for essential services and transfer money digitally without the risk of physical contact”, Asbe said.
NPCI, in line with Government and Regulators, has been endorsing the adoption of digital payment among masses so as to maintain social distancing in this critical scenario.
NPCI’s flagship product UPI allows users to transfer money on a real-time basis, across multiple bank accounts without revealing details of one’s bank account to the other party. The simple, safe, cost-effective mobile-based payments system has become one of the most prominent forms of digital payments.
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