Would cashless transaction necessitate use of smart phones,

Ok u can do internet banking.
But still u have option to pay using cheques,

But still there are options like cheques, swiping cards.
And as government is saying something like *99# from mobile phones not having internet can be used

Sri is not like u need smartphone only

net banking needs internet, i suppose. Cheques, for small amount of purchase? Would you tell the details of using ussd code you mentioned.

                         What if network fails during transacation? are all sms will be stored in respective servers to be received if the network resumes? If not, how to know about those transactions?There are so many ifs, .Smartphones would be the order of the day and you could expect a sizable , a vast jump at the sale of smart mobiles.

As u are saying about network failure then it can be so while doing online payment, via smart phones
And about that ussd code I don't know much,
And now a days people who buy a phone they prefer smart phones only. As many companies are selling at lowest prices.
Recently I had read somewhere that almost 3 of 5 Indians are having smart phones.
Cheques can be used for small or big amounts.
In market, tea stalls or anywhere if u go they accept cheques.
Tea stalls even made arrangements like monthly cheque and get some discounts.
Even to do online transactions using debit cards there are limits.
Cashless doesn't mean no cash, it just mean less cash, as out FM minister said.

Hi  your view is that. Cheques , if given in small amount, then you have to daily give request for cheque books. Regarding possessing of smart phones, the change would require more time for the switch over. What abut the  rural folks , who would only know reagional languages. You have said about *99 in your reply . That is the ussd code. it request something from server to get some sms as reply.. Some transactions like neft also lost in network loss, so you do not know immediately about the transactions. I have experienced . I do not know whether there is a mechanism, where all the transactions even if it is lost due to network loss, should be saved on the bank servers or wherever to be sent to the user as sms without fail. If the phone is switched off or not reachable, it should reach the mobile users. I do not think that there is a fullproof mechanism in this. So, as i said so many ifs,

Not a single system is 100℅ positive. As every coin has 2 sides, same is with cashless decision. It's upto people how to use and get over it

Hi, So is the discussion. I raised some query on OTP and do not receive conclusive reply. Are all transactions carry the OTP. In some shops, they ask us to type the Pin and there ends the transaction. OTP is a security , which gives a signature to transactions. Had it been made mandatory for all the transactions. Recently i heard that it is not for small transactions, where PIn alone is given and transaction is completed and your account is debited. You might have heard the risk of cyber transactions like skimming phising etc. If those carry any thing all your data is lost.

                                            I mean that switch over will take time. Moreover different banks have different systems of security . Some ask for cvv and some ask for pin , some give otp and others ask for once. So, it is so many ifs