Cashless economy is totally dependent on foreigners : Hindu Mahasabha
The international cashless transactions are controlled by American companies like Visa and Mastercard mostly 90 percent which is called payment gateway.
Almost all the credit and debit cards of all the banks have visa or Mastercard written over them.
Even ewallets have the options visa or Mastercard. Moreover PayPal is also an.American company.
What I say here is not anti American but if we promote cashless economy then we would be becoming their slaves.
If we are financially dependent upon them then we are crippled. These companies can also effect our financial policies further.
It certainly is not correct to.make cashless economy so much dependent upon the foreign companies.
There are some companies which provide financial gateways like them.But even their avenue passes through them.
If the government really wishes for the cashless economy then it must promote nationalistic e commerce provision.
By :- Doctor Santosh Rai,
Hindu Mahasabha democratic