Home Food Demonetization: Digital payments at Mother Dairy, Safal rise multi-fold

Demonetization: Digital payments at Mother Dairy, Safal rise multi-fold

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Digital transactions at booths and outlets in the national capital have increased substantially in the wake of demonetization, Agriculture Minister said.

Demonetization: Digital payments at Mother Dairy, Safal rise multi-fold
Mother Dairy Managing Director S Nagarajan said that PayTM has been installed in almost all milk booths and Safal outlets, while SBI dairy smart cards in 787 booths and 87 Safal outlets

According to a PTI report: Mother Dairy is presently accepting payments through SBI Dairy Smart card and mode. It is also exploring other digital modes like Aadhar enabled payment service (AEPS).

“Total value of transactions through digital mode at Mother Dairy and Safal outlets, which was Rs 13 lakh per day before November 8, has increased to Rs 78.84 crore per day post demonetization,” Singh was quoted by PTI as saying.

Initially, people faced some problems but gradually they are switching over to digital payments, he said.

Managing Director, Mother Dairy, said that PayTM has been installed in almost all milk booths and Safal outlets, while SBI dairy smart cards in 787 booths and 87 Safal outlets.

“There are still many Safal outlets where SBI smart card service is not there. We will cover all in the next 2-3 weeks,” he was further quoted by PTI as saying.

He also mentioned that at present the Point of sale machines at Mother Dairy outlets can process SBI Smart cards and not other debit cards.

“We are not allowing other digital cards because the company will have to pay merchandise charges of 2 per cent. It is a cost on the company. So, we are exploring other digital platforms like AEPS, Unified Payments Interface which are less expensive mode,” he was quoted by PTI as saying.