December 31, 2016
Pazhani: A tea shop owner in Pazhani town has joined the Digital India bandwagon and installed a point of sale, GPRS -enabled swipe machine in his tea vending shop.
Tea shop owner Ganesan has installed the swipe machine as he could not handle the cash crunch. “When customers demanded that I take their Rs 2,000 rupee note provide change, I faced lot of trouble, as small change has becomes less available since the demonetisation drive. And I decided to go for a swipe machine.”
A current account holder with the local State Bank of India, Ganesan installed a swipe machine at his shop and is doing business in a hassle free manner.
“The local SBI branch that I bank with immediately solved my problem and gave me a GPRS-enabled wireless swipe machine and my business has picked up due to this factor,” he said. “Customers now pay their bills using their debit and credit cards, and with just a swipe the money is credited into my account. I get to know the daily business transaction also through this new arrangement.”
The application process for the swipe machine has been hassle free. There is no deposit, but there is a monthly rental of Rs 440, which is collected by the bank.