What's wrong with Cashless Transaction?

The Very informative message need to be understood by all Indian.


A: Please think that a 100 rupee note is circulated 1,00,000 times it will have the same value and nobody get any commission.

But, if it is circulated through cashless mode, 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 "Pay" 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"*

From a reputed CA‬: 

Very important statistic please read & understand, no politics in this.    

Do you know that:

1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.

2) Credit Cards charge between 1.5%-2.5% to the retailer of the money receiver for every transaction

3) PayTM/Freecharge/Jio Money and other E-wallets charge 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RBI data shows every month around 2.25 lakh crore (anually Rs 25 -30 lakh crore) is withdrawn from ATM's across India. And it is estimated that along with bank withdrawals a total of Rs 75 lakh crore is withdrawn (both banks and ATMs) on a yearly basis.

All this is accounted/tax paid money which is withdrawn from banks...Currently just 3% of transactions are in electronic mode.

If this 75 lakh crore is converted to a cashless economy look at how much the companies will earn...(75 lakh crore * 2% average) i.e. 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 very informative message.