Around the confusion created by demonetisation, the Indian state of Goa is the first state to operate cashless in the country from 31
st Dec 2016.
The announcement was made by Defence Minister Manohar Parrikar who is the former CM of the state.
The plan includes making small vendors sell perishable goods as per mobile payment.
Vendors will be given
Mobile Money Identifier codes when they register at a bank.
Customers will be able to make the transactions by dialling 99# and following instructions that appear on the screen.
The smartphone can be used to make the payment.
There is no limit on the cashless transfer of money and these transactions will be immune from any sort of fees.
Goa Goes CashlessGoa has benefits due to its small size.
- Population: 15 lakh
- It has 17 lakh registered mobile connections.
- It has 22 lakh bank accounts.
- Most Goans use debit or credit cards
