Indore: As cashless transactions will increase in trading and dealings, corruption will be reduced automatically.
As the number of mobile transaction are rising, this will not be difficult to achieve. However, Master Card is continuously striving hard to promote cashless transaction in society. Recently, it has entered into a partnership with Confederation of All India Traders (CAIT), said Ravi Arora.
He said that MasterCard’s primary vision was to promote cashless society and the company had been striving hard to champion this cause in India, which has been traditionally a cash intensive economy with less than five percent digital transactions taking place.
Last year MasterCard underwent a partnership with Confederation of All India Traders (CAIT). This has been a significant move to help small and off-line Indian traders to grow and actively support a less-cash based society. We are remains steadfast in our commitment to further cause of a cashless society through increasing acceptance of electronic and digital payments. This in turn mitigates costs associated with cash while doing business and promotes inclusive growth and development.