Monday, 13 March 2017

[] Fwd: What is wrong with Cashless Transaction??



What's wrong with Cashless Transaction?



A:- Sir think that a 100 rupee note is circulated 1,00,000 times it will have the same value, nobody gets any commission.


But if it is circulated through cashless transactions, 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 the gang.                              


That's why this is the Mother of all scams Very important statistics please read understand, no politics in this.                                                                             


Do you know...


1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.


2) Credit Cards charge beteen 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RBI data shows that every month around 2.25 lakh crore (Anually Rs 25 -30 lakh crores) is withdrawn from ATM's across India. And it is estimated that along with bank withdrawals, a total of Rs 75 lakh crore is withdrawn ( both banks and ATMs) on a yearly basis. All this is accounted/tax-payed money which is withdrawn from banks. Currently, just 3% of transactions are in electronic mode...


If this 75 lakh crore is converted into a #cashless economy, look at how much the companies will earn.. (75 lakh crores times 2% average)  Rs 1.5 lakh crore per year!...



This is the biggest open scam. Direct benefit for Corporates like Reliance, PayTM, e-Banks etc. of Rs 1.5 lakh crores per year...


This makes me wonder, was Demonetization done to end black money or was it actually done to benefit Corporates?


I request you all to share this important eye opening 




Posted by: Cool Kis <>
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