(written by : Shekhar rai, Extension officer, Car Nicobar)
As part of the campaign of the Nicobar District Administration to make Nicobar Cashless, the first POS machine was installed at AC Enterprises, HQ area, Car Nicobar in january 2017. As per the Proprietor Mr. Ganesh, transactions amounting to one lakh rupees have already been done since the installation. At present, on an average, 35 to 40 transactions take place on a daily basis through the machine.
In addition to the POS machine, Mr. Ganesh has also set up a PayTM QR code for the customers willing to go for mobile internet based PayTM wallet transactions. On enquiry upon the popularity of online transactions, it was informed that due to intermittent mobile connectivity in the islands, people are more inclined towards POS machines rather than PayTM.
Drawing inspiration from the business strategies of Mr. Ganesh, more merchants have come forward for installation of these machines and accordingly, have placed their requests with the State Bank of India, Car Nicobar. It is expected that by the end of the current Financial Year, majority of the shopkeepers and merchants of Car Nicobar will possess the POS machines which will truly benefit the people of the island.