Following demonetisation, street vendors have been among the most affected people, losing nearly 70 percent of their businesses in just a month. Reports suggest that over a million street vendors across 25 states will be trained to conduct digital transactions with customers to strive through the current cash crunch.
To combat this crisis, the National Association of Street Vendors of India (NASVI) will reportedly soon start working on training millions of street vendors to conduct digital transactions along with MobiKwik. The founder of NASVI, Arbind Singh asserted to NDTV that this is the solution that will enable them to keep the vendor's businesses running.
Tying up with MobiKwik, NASVI will enable cashless transactions, and help both customers and the vendors in cash crunch. This association is to educate the street vendors about the various e-payment options available to get payments from customers and will improve business, says Co-founder of MobiKwik Upasana Taku to NDTV.
With this collaboration, nearly 1 million street vendors will be trained on the cashless facility for three months, after which the training will extend further to over three million street vendors, with the aim to build a Digital India.