Last updateMon, 23 Jul 2018 5am

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India moves to cash less economy!

Why not give a helping hand to this Country by moving to digital for receiving and paying money through your mobile when it is a free service. Indian economy is incurring huge expenses for printing, circulating

cash and managing its logistics etc. But these expenses are not properly tracked, in addition to the menace of fake notes, black money, tax evasion, transparency and other cross border issues etc. As a responsible citizen, if we could shift to mobile cash wallet, we are actually contributing for the growth of our economy. 

Singapore, Japan, UK, and Germany are listed as top economic countries even though they are listed as small countries. They have almost 100% digital economy which itself brings efficiency, transparency and tremendous growth to the economy. Even if  5 % of the total population can make  a  digital move through the use of mobile wallet, it will make a huge difference in Indian  economy.So let us voluntarily popularise mobile cash wallet receipts and payments for the sake of our country and reduce usage of physical cash.

UAE Exchange relaunched its new version of mobile cash wallet ‘Xpay Cash Wallet’, which can be downloaded and used free of cost. It can be shared to others from the app and will facilitate to receive or pay money in seconds between same apps. It is simple to use and does not require any training.  Just download, register and use it to receive or pay money and help the country to attain economic development.


V George Antony

Managing Director

UAE Exchange, India

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