It’s late evening, and I’ve just completed an online transaction successfully to my grandfather. I picked up my phone to intimate the same to him. As I finished answering a barrage of queries like, How now? How from a distant city? How in non banking hours?, and patiently answering his questions, I hung up thinking about the yesteryears financial services, that gobbled a lot of invaluable time working hours of the client. I sat back to ponder on the life that existed a decade ago, and the whirlwind of changes that has made life easier and smarter.

Earlier, on celebrations and festivals he used to rush to his bank, to fill the respective slip, wait in serpentine queues or in the semi rusted steel benches for his turn to get a dd. And then the wait continues at the mail delivery offices for speedy and safe delivery of the same to the addressee. I still remember the excitement that I used to feel, when I get the mail and dream about my shopping. We don’t have to go through this ordeal today, and an SMS stating cash credited does give an equal pleasure.

A decade ago, who would have foreseen the emergence of digital wallets, transactions, UPI, POS etc. In a chiefly conservative community and a growing economy like ours a paradigm shift to digitization in a blink of an eye, ok, ok, many blinks is not a cake walk. Striving for Digital payment modes to bring in transparency is a big leap from the conventional spending modes, which aims to streamline our economy and bring income accountable. Despite hesitation and many slips, thanks to omnipresent technology and low mobile data charges, even the less privileged, rural and not so tech savvy are able to adopt to the mode and be an integral unit in the national and global economy.

However, there’s still a large sector of world population, who are unbanked, hence unable to be part of the global economy. Despite a huge wave of digital revolution, common man still has to bear huge fee for transactions, not to mention complicated paperwork, procedures and valuable time spent on the same.

On boarding the unbanked and cutting down on transaction cost, and procedural norms will certainly make them participate in the global economy, in addition to leveraging the benefits of the same.

Hence the block chain module that Cashaa uses enables consumers to make cost effective transactions, low-cost currency exchanges, without getting into the nitty gritty of the system. Security being the prime threat to financial services, Cashaa safeguards its systems using AI and biometric identification systems.

Cashaa’s beta tested version made a big revolution in foreign money exchange platform , wherein they reduce time and cost of exchanges.

Cashaa also boasts of stringent KYC and AML policies to bring in a streamlined approach in a highly decentralized blockchain environment.

Micro financing within the community through Cashaa’s p2p enhances and empowers business establishments to thrive in times of need.

In India, Cashaa is working closely with many organizations to enable last mile delivery, in connecting to the unbaked, acquiring licenses, collaborating with money transferring agencies and others agencies.

Hence let’s get prepared and gear up for more and more leaps that revolutionises the world and makes it even easier to live in!

Website: https://cashaa.com/

whitepaper: https://cashaa.com/pdf/Cashaa_WP.pdf

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Twitter : https://twitter.com/CashaaLTD

Medium : https://medium.com/@cashaa