What's wrong with Cashless Transaction

*Q* :-_* What's wrong with Cashless Transaction*_..?

*A*:- _ Quote , Sir think that a 100 rupee note is circulated 1,00,000 times it will have the same value no body get any commission _.

_ But, if it is circulated through cashless way each transaction fetches 2.5% commission that means 1,00,000 times 2.5% = 2500% i.e. Rs. 2,50,000 (Rs. Two Lakhs fifty thousand Rupees) to service providers like Paytm or Jio Money etc. Just for hundred rupees _.

_ So, it's a perpetual golden egg laying goose gifted to the gang _.                              

_That's why this is the *Mother of All scams* Very important statistic please read & understand, no politics in this _.                                                                             

*Do you know*..

1) _ Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction _.
2) _ Credit Cards charge beteen 1.5%-2.5% to the retailer of the money receiver for every transaction _
3) _ PayTM/Freecharge/ Jio Money and other E-wallets charger 2.5% -3.5% when you want to transfer your e-wallet money into your bank a/c _

_ RBI data shows every month around 2.25 lakh crore (Anually Rs 25 -30 lakh crores) is withdrawn from ATM's across India. And it is estimated that along with bank withdrawals a total of Rs 75 lakh crore is withdrawn ( both banks and ATMs) on a yearly basis All this is accounted/tax payed money which is withdrawn from banks..Currently just 3% of transactions are in electronic mode _..

_ If this 75 lakh crore is converted to a # cashlesseconomy look at how much the companies will earn..(75 lakh crores   2% average)  Rs 1.5 lakh crore per year _ .. *NO KIDDING*!

_ *This is the biggest Open Scam. Direct Benefit for Corporates like Reliance, PayTM, Banks etc of Rs 1.5 lakh crore per year *_..

_ Which makes me wonder was Demonetization done to end black money or was it done to benefit Corporates _?

_*I request you all to share this important message*_.