Seniors Try Luck With E-wallets
Business Sphere|January 2017

Lack of currency notes has forced many, especially the senior citizens, to pull up their socks and get acquainted to the latest methods of digital transactions like e-wallets.

Vijay Shekhar Sharma
Seniors Try Luck With E-wallets

"I have been using Paytm for a week now and it is very easy," said Subhash Sharmaa (59), a retired government employee. He felt the need to use Paytm after he repeatedly failed to send money to his daughter in Lucknow. "I was tired of standing in bank queues for hours," he said. Sharmaa asked his son to teach him how to operate the application and he has further spread awarness about it among his friends as well.

Though some senior citizens have shown inclination on learning to handle e-wallets like Paytm, many of them have rejected its viability. "I do not know what this government wants. I was a bank employee and I have to struggle for cash myself these days. None of the banks have 100 rupee notes and how can they expect people to work with just Rs 2,000 bank notes in the market?," asked an agitated Shahid Khan (62).

A Paytm user, Yusuf Malik, son of Dr M A Malik, a passerby and a Paytm user said: "My father has been using Paytm even before demonetisation. He has always been very tech savvy and he likes to keep himself in tune with the times."

Even though demonetisation has paralysed residents in so many ways, it might have opened the doors for a digital India that's moving to e-cash, said another resident.

Paytm wallet to convert into Payments Bank; all you need to know

Paytm, the digital wallet service owned by One97 Communications Ltd, where founder Vijay Sharma holds a majority stake of 51% is to be converted into the Paytm Payments Bank after the reception of the bank licence by the Reserve Bank of India.

Esta historia es de la edición January 2017 de Business Sphere.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición January 2017 de Business Sphere.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS SPHEREVer todo
6 Best Countries To Live In
Business Sphere

6 Best Countries To Live In

There's a lot to consider before moving abroad: how the transfer will change your daily life and influence your family; whether the health care will meet your needs.

time-read
6 minutos  |
January - February 2021
Vijay Laxmi Labels Pvt. Ltd. - Barcoding its way into the hearts and minds of the clients
Business Sphere

Vijay Laxmi Labels Pvt. Ltd. - Barcoding its way into the hearts and minds of the clients

Barcodes is one labeling narrative that seems to have taken over the entire culture of storing, warehousing, and shopping, per se.

time-read
3 minutos  |
January - February 2021
The truth and nothing but the truth
Business Sphere

The truth and nothing but the truth

One would expect anyone, much less an IPS officer who has been in public gaze for over four decades for his extraordinary exploits, to be very careful to cover his tracks when he makes his diaries public.

time-read
4 minutos  |
January - February 2021
World Bank's Ease Of Doing Business Ranking 2020 — Top 10 Countries
Business Sphere

World Bank's Ease Of Doing Business Ranking 2020 — Top 10 Countries

What is the first thing that comes to mind while thinking about starting a new business?

time-read
10 minutos  |
January - February 2021
SK SYSTEMS PVT. LTD. - The roadmap to success is only and only sheer toil
Business Sphere

SK SYSTEMS PVT. LTD. - The roadmap to success is only and only sheer toil

The top management of any successful corporation makes a big difference to the overall efficiency, work-life balance of the employees, and to the working capacity of the units. If the head honchos are positive and charged up, the day, month, and year, of the concerned company is surely made. It will really help in rolling in higher profits, bigger and better bottom-line figures, and up the ante of the morale of the entire team. Such kind of positivity seems to stem from the strong and surging vibe given by Mr. Ajay Bhargava, Managing Director and Mr. Sanjay K. Gupta, Mrs. Shobha Bhargava & Mr. Adesh Gupta, all Directors of SK Systems Pvt. Ltd.

time-read
5 minutos  |
January - February 2021
Diseases you can curb with yoga
Business Sphere

Diseases you can curb with yoga

Yoga is an Indian art form which is more than a mere type of exercise or way of breathing.

time-read
6 minutos  |
January - February 2021
PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation
Business Sphere

PM dedicates Kochi - Mangaluru Natural Gas Pipeline to the Nation

Pipeline would improve the ease of living for the people of Kerala and Karnataka. Blue Economy is going to be an important source of Aatamnirbhar India : PM

time-read
4 minutos  |
January - February 2021
Movies And Web Series That Created A Lot Of Hype This Year
Business Sphere

Movies And Web Series That Created A Lot Of Hype This Year

2020 hasn’t been the best year. Art and artists came to our rescue and helped many of us sail through some tough times.

time-read
7 minutos  |
January - February 2021
Ambition Gifts -  It's all in a name
Business Sphere

Ambition Gifts - It's all in a name

It’s all in a name. Or so say all of us. If this idiom is true, ‘Ambition Gifts’ of New Delhi surely have their name etched out in the sun.

time-read
4 minutos  |
January - February 2021
Adani Wilmar stops ads featuring Sourav Ganguly after he suffers heart attack
Business Sphere

Adani Wilmar stops ads featuring Sourav Ganguly after he suffers heart attack

Adani Wilmar, maker of Fortune brand of edible oils, has stopped all ads featuring former cricketer and Board of Control for Cricket in India (BCCI) president, Sourav Ganguly three days after he suffered a heart attack in his hometown, Kolkata.

time-read
2 minutos  |
January - February 2021