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COVID-19: Go digital, avoid cash to reduce the risk of Coronavirus!

Go cashless to avoid the risk of CoronaVirus!

   

Covid-19 has caused widespread panic, sent stock markets plummeting and forced many businesses to sit back and take stock of the situation. The Coronavirus primarily spreads through coming into direct contact with the infected person – via coughing and sneezing but according to various reports, the virus can survive on hard surfaces like coins and notes which exchange hands and further spread infection.

This is precisely why a digital transaction is more preferable than cash in this hour of a global pandemic. The digital transaction will ensure the risk of transmission is reduced. The World Health Organization (WHO) has reportedly advocated the use of digital payment options in the wake of the coronavirus crisis.  

With people choosing to stay indoors, using masks and sanitizing surroundings, a significant change can be observed from physical money transactions to digital transactions as these are less prone to spreading disease than via exchange of cash or paper cheques. This could also open up new roads for financial inclusion, as people who are not connected digitally can come on-board and use digital money as their main source of expenditure.  

Along with preventive measures, Paytm – India’s largest digital payments ecosystem lists out the benefits of doing digital transactions:

Merchants can accept all types of payments:

Paytm All-in-One QR Code empowers merchants to accept unlimited payments through Paytm Wallet, RuPay Cards and all UPI based payment apps directly into their bank account at 0% fee and without having direct contact with the customer

No more standing in ATM queue:

Users can simply use their Paytm wallet, UPI for payments without going to ATMs and avoiding crowded places

Easy & instant money transfers:

Users can send money to other people instantly without even requiring to visit their bank branch

Seamless utility & bill payments: 

Digital payments solve the age-old problem of making bill payments for electricity, phone, water, etc. through cheque and then waiting for 2-5 days to get a confirmation. Digital bill payments are seamless and give instant confirmation

Shop online or order food:

All major e-commerce and online shopping sites accept Paytm – a hassle-free experience and much safer option compared to cash-on-delivery.

Offers on the go:

Digital payment also enables consumers to avail exciting discounts and cashback.

Easy tracking & records:

All transactions are on record and it’s easy to keep a track of daily expenditure.

So, guys, these times are definitely hard. Doing your payments online is definitely one of the ways we can reduce the spread of the Covid 19 virus. Do tell me in the comments as to what you guys are doing in order to reduce the spread of this pandemic! Stay safe, stay Inspired to Rise!

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Written by Aditya Nath Jha

Aditya Nath Jha is an Engineer from New Delhi, India. His areas of interest include Gadgets, WordPress, speed optimization & latest technology.
When he is not busy blogging he loves to write poetry, compose his own songs and has a taste for music! Find me on Facebook, Google +, Twitter, Linked in.
And watch my videos on Youtube.

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