Nand Niketan: First private township to go cashless

Q.  Which township became the first to go cashless in India?
- Published on 24 Mar 17

a. GIFT city
b. Majuli
c. Nand Niketan
d. None of the above

ANSWER: Nand Niketan
 
Nand Niketan: First private township to go cashlessEssar’s Nand Niketan at Hazira (in Surat district, Gujarat) became India’s first private sector township to go cashless.

People here are using the mobile wallet for performing digital transactions.

Mumbai-based tech company The Mobile Wallet/TMW was roped by the township to provide smartphone based application for mastercard-enabled mobile wallets.

So far around 8,000 prepaid cards were issued in the township to the employees, merchants and shop owners operating within its precincts.

An average of INR 2 lakh worth of digital transactions are being executed every day.

TMW: Know More
  • The Mobile Wallet Pvt. Ltd. was founded by Mr. Vinay Kalantri and has launched
  • The Mobile Wallet, India´s first full service wallet which empowers its users to complete their day to day payments in a simple manner.
  • Through the innovative services backed by the best in technology and the highest level of safety, security and reliability, The Mobile WalletPvt. Ltd., offers consumers a special app which will make complex household budgeting a thing of the past

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