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KCR to launch e-Wallet on Dec 14
Chief Minister K Chandrashekar Rao will formally launch State government’s ‘TS e-Wallet’ during the Collectors’ conference to be held here on December 14.
Hyderabad: Chief Minister K Chandrashekar Rao will formally launch State government’s ‘TS e-Wallet’ during the Collectors’ conference to be held here on December 14.
In the first phase, all the financial transactions of the government will be digitalised. The transactions which include revenue to the government from the Registration and Civil Supplies Departments, besides payment of salaries to the staff and bills to the contractors will be routed through e-transfer.
All the financial transactions would also be made through Uniform Payment Interface (UPI) system.
Similarly, farmers would also be trained in digital transactions the Chief Minister said at a meeting with the officials of ICICI bank which came forward to offer banking services to the people on the digital platform.
In the wake of note ban and Centre's push to move towards cashless society, the government would undertake a campaign to educate people on "electronic financial literacy," said the Chief Minister.
"The time has come for people to have awareness on electronic transactions and there is a need to change the present thinking of people," he said during a meeting with ICICI bank officials.
"The digital transfer of money post-demonetisation has become a necessity for financial transactions," he said.
The ICICI bank officials explained the ongoing digital transaction trend in the country to the Chief Minister and expressed their desire to extend the private lender's services to people in the State
KCR said the State would "very soon" implement digital transactions at all levels. He was happy to note that "Telangana, for the past five days, has been registering the highest number of financial transactions digitally on a daily basis and stood first in the country" on this front.
Observing it would not be possible for people to get into electronic-based banking transactions overnight, he said it would take some more time for them to get a feel of it.
The Chief Minister asked IT Minister K T Rama Rao to ensure that people are educated and awareness is created on "electronic financial literacy" through advertisements.
