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Rupay Bachao, a solution for employees to avail credit at zero interest rate
New Delhi, December 16: The introduction and emergence of various modern technologies have facilitated India’s establishment of a digital ecosystem. The phenomenal growth in India’s ecosystem has been elevated through the participation of online and digital payment modes. One of the many participants is RupayBacho, an online trading platform for registered members and their employees to buy […]
New Delhi, December 16: The introduction and emergence of various modern technologies have facilitated India’s establishment of a digital ecosystem. The phenomenal growth in India’s ecosystem has been elevated through the participation of online and digital payment modes. One of the many participants is RupayBacho, an online trading platform for registered members and their employees to buy and sell goods and services without involving cash through Rupee Free Token (RFT). RFTs are the modern way of promoting healthy work culture in varied ways as they permit employees to acquire a loan from an employer without the burden of any interest.
The pragmatic shift to digital payments in the form of RFTs has offered various opportunities and possibilities to employers and their employees. The ability to pay through RFTs rather than cheque/cash is simply a much faster way of transferring salaries/amounts to the employee’s account, which also helps the company maintain the fund without involving cash. The fact that RFTs are a cashless payment mode, they are treated as a convenient source of rewarding employees with bonuses and advance salaries. Moreover, as RFTs provide innumerable advantages to employees, it has resulted in boosting employees’ loyalty to the company and vice versa.
Nowadays, cash has been losing ground to digital payments, which are seen as being a more secure method of money transmission. With the help of RFTs, the brand Rupay Bachao has formed a safe and flexible way of trading and allowing all transactions to be electronically recorded above the board. As the mandates issued by government policies in achieving a cashless transaction, the brand also follows the policies by recording the transaction in the books of accounts.
