No more cash, Ibrahimpur becomes first cashless village in South India
- Telangana’s Ibrahimpur village has not had any cash based transactions in the last few days
- Even the smallest shop in the village now has a card swipe machine
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With no more cash transactions, the village has now become the first cashless village in southern India. While more than 70% of the residents were already bank account holders, the rest were provided with bank accounts and debit cards in the last two weeks.
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From daily use products to fertilizers, residents of Ibrahimpur use their cards to make any kind of purchases. Even the smallest shop in the village now has a card swipe machine. However, to overcome the internet connectivity issue, the village administration is planning to make the entire village wi-fi connected.
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The demonetisation drive which was aimed at curbing black money and bringing out black many holders has pushed India towards turning into a cashless economy.
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