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India's on line transactions multiplied 20 times in 6 years

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Online transactions are now galloping at a rapid pace..Mobile payments will facilitate a cashless society..If Kenya can do it why not India?

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The online/mobile transactions are user friendly mainly because one is saved from hassles of carrying hard cash. It is a two way advantage as one need not worry about pickpockets even if he travels by public transport. On many occasions tendering exact change also gives you a big headache.
 
NFC devices are also going at rapid place..It will make payments easier, faster and more accurate...We need to convert the existing POS terminals to NFC enabled ones...
 
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