What is the impact of AIIMS-Delhi Smart Card in the payment system
The AIIMS-Delhi Smart Card is set to cover all payments, eliminating the need for cash transactions starting from April.
The AIIMS-Delhi Smart Card is expected to have a significant impact on the payment system by introducing cashless transactions. Here are the key points regarding its impact:
- Convenience: The smart card will provide a seamless and easy payment method for patients, staff, and visitors at AIIMS-Delhi. It eliminates the need for carrying cash or worrying about change.
- Time-saving: With the smart card, transactions can be processed quickly, reducing waiting times at payment counters. This will enhance efficiency and improve the overall experience for patients and visitors.
- Increased security: Cash transactions can be risky, prone to theft or loss. The smart card offers enhanced security measures, protecting the cardholder's funds and minimizing the chances of fraudulent activities.
- Transaction tracking: The smart card system enables tracking and monitoring of payment transactions, improving transparency and accountability in financial operations. This will facilitate better auditing and financial management at AIIMS-Delhi.
- Financial inclusion: Going cashless promotes digital payments and encourages financial inclusion, as people who don't have bank accounts can still use the smart card to make payments. It reduces the dependence on cash and promotes a digital economy.
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