1. Demonetisation: PMO leads by example; officers train staff for mobile banking, e-wallets and how to go cashless

Demonetisation: PMO leads by example; officers train staff for mobile banking, e-wallets and how to go cashless

Senior officers of the Prime Minister's Office took the initiative to train staff for mobile banking and cashless transactions.

By: | Published: November 28, 2016 4:48 PM
demonetisation, demonetisation news, demonetisation effect, black money, demonetisation effect in India Principal Secretary Nripendra Misra and Additional Principal Secretary PK Mishra conducted a workshop for the PMO staff that is based at 7, Lok Kalyan Marg.

Demonetisation: A day after PM Narendra Modi urged people to educate senior citizens and other people on how to go digital and use mobile banking, senior officers of the Prime Minister’s Office took the initiative to train staff for mobile banking and cashless transactions. Prime Minister Narendra Modi tweeted his appreciation of the same. “In the endeavour of increasing cashless transactions, PMO officials trained office staff at LKM on the subject. Staff was trained on e-wallets, e-banking, daily transactions via mobiles & was extended help to download relevant Apps on their phones,” PM Modi tweeted.

Principal Secretary Nripendra Misra and Additional Principal Secretary PK Mishra conducted a workshop for the PMO staff that is based at 7, Lok Kalyan Marg (previously 7 Race Course Road). The staff was trained how to do mobile banking, and conduct daily transactions through mobile applications such as UPI, e-wallets etc. According to a PMO release, officers demonstrated the process of cashless transactions, and helped their staff download the relevant mobile apps on their phones. “The workshop witnessed an enthusiastic turnout, and keenness among the participants to move towards smart banking and transaction solutions. Officials from SBI and MyGov were also present on the occasion,” the release said.

PM Narendra Modi in his ‘Mann Ki Baat’ address urged the youth of India to take up the task of educating those around them on the benefits of mobile banking and benefits of going cashless. Modi also cited the example of Kenya’s M-Pesa. M-Pesa is a mobile-phone based money transfer and banking service that was first introduced by Vodafone in Kenya. The M in M-Pesa stands for mobile, while PESA is the Swahili word for money. M-Pesa is often called the most successful mobile phone-based banking service in the developing world. It was first introduced in Kenya by Vodafone for Safaricom in 2007. Interestingly The Economist had in 2013 said that it is easier to pay for a taxi ride using your mobile phone in Nairobi than in New York. The system worked wonders for Kenya because the cost of transporting cash in the country was otherwise very high.

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