Abolish Transaction charges for digital transactions including on Debit/Credit cards
This petition had 75 supporters
What's wrong with Cashless Transaction?
A:- Think that a 100 rupee note is circulated 1,00,000 times it will have the same value, nobody get any commission .
But, if it is circulated through cashless way each transaction fetches 2.5% commission that means 1,00,000 times 2.5% = 2500% i.e. Rs. 2,50,000 (Rs. Two Lakhs fifty thousand Rupees) to service providers like Paytm or Jio Money, etc. Just for hundred rupees.
So, it's a perpetual golden egg laying goose gifted to these gangs.
That's why this is the Mother of All scams Very important statistic please read & understand, no politics in this.
1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.
2) Credit Cards charge between 1.5%-2.5% to the retailer of the money receiver for every transaction
3) PayTM/Freecharge/ Jio Money and other E-wallets charger 2.5% -3.5% when you want to transfer your e-wallet money into your bank a/c.
RBI data shows every month around 2.25 lakh crore (Annually Rs 25 -30 lakh crores) is withdrawn from ATMs across India. And it is estimated that along with bank withdrawals a total of Rs 75 lakh crore is withdrawn (both banks and ATMs) on a yearly basis. All this is accounted/tax paid money which is withdrawn from banks..Currently just 3% of transactions are in electronic mode.
If this 75 lakh crore is converted to a # cashless economy look at how much the companies will earn..
(75 lakh crores @ 2% average) Rs 1.5 lakh crore per year.. NO KIDDING!
This is the biggest Open Scam. Direct Benefit for Corporates like Reliance, PayTM, Banks etc of Rs 1.5 lakh crore per year .
Which makes me wonder was Demonetization done to end black money or was it done to benefit Corporates?
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