Monday, 8 January 2024

An Entire Economy Depending On Smartphones :)?

Every time you see a store that has a QR code but not a card reader, every time you see a restaurant with a QR code menu, you are seeing situations where 1000s of customers need to own smart phones for cashless transactions, for getting a meal, instead of the store buying one card reader 🙂 or the restaurant simply printing its menu on paper.

Not to mention the plain ridiculousness of not being able to hire an auto or taxi anywhere unless you own a smartphone with Ola, Uber, Etc. apps downloaded 😏!

And OTP becoming mandatory to even log on to your internet banking account means that every single bank user needs to own a cell phone. Including the very poor who often don't even have enough money for three meals in a day 🙂. I invite you to read this article so that this point is emphasized: global hunger: Global Hunger Index 2023: India ranks 111th out of 125 countries; Pakistan, Bangladesh fare better - The Economic Times (indiatimes.com)

Who do you think is getting the most benefitted with these decisions 🙂?

Think 🙂.

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