Radiant Cash Management Services Limited IPO Message Board (Page 5)

@admin
With every issue we see rise of new members who comment only on one issue and then they only comment how this issue will be great
Please put a color code on member of say light green to indicate member less than 30 days
It is not to disparge them but to alert rest. After 30 days they revert to normal colour
This is essential to improve quality of conversation

@arunARUN sir,
We already adding a 'New Member' tag to it.

I agree with cash cirulation in economy point but disagree with retail cash collection model and margins in that business
Any way valuation is too steep in this case

@Ritika : Really? While cash circulation has certainly gone up because of growth, I'm not sure if it applies for physical cash circulation - more of digital.

In fact, I barely recall the last time I used cash - even in photocopy shops (xerox shops) I pay the few 2 or 3 rupees via UPI. Even street vendors like flower sellers or roadside chat shops offer UPI.

The level of digital acceptance in our country is remarkably high, so much so that some neighbouring countries that are supposed to be more developed than us look like they are lagging behind by a lot.

But unfortunately, at the same time, there are people who inform me their bank charges them for receiving money via UPI when the Central Govt has repeatedly notified this is not to be done since they are bearing the transaction charges (0% MDR). Consequently, such shops do not accept transactions lesser than Rs. 100 for UPI payment, which defeats the purpose of UPI.

This is a serious problem and reeks of corruption among banks, as usual.

@Ritika, some of your arguments may be correct, but by basing them on the premise that dementization led to constant increase in cash circulation; you have yourself destroyed the very logic of it. Everybody knows, demonetization led to massive increase in digital payments and reduced ratio of cash transactions, including by myself and all my known persons. Should not confuse absolute figures with proportionate ones.

Cash is the king but for how long..

Avoiding this.

Will decide on last day.

I won't apply here....