News & Notes 886:Cashless transactions by 15th September 2021
Cashless transactions by 15th September 2021
Dear Community, it has long been a priority of the Entity::FAMC to minimize cash transactions in Auroville, as a step towards the collective ethos of ‘no exchange of money’. In this day and age, digital financial transactions have also become the new norm and the move to a cashless economy is in progress in many parts of the world, including India.
Cashless transactions help to ensure accuracy and transparency of financial records, reduce opportunities of financial misappropriation, save time & labor and are more secure. As matters of statutory compliance (vis-a-vis the Indian government) become more strict, we have been requested by the Auroville Foundation office to put in place a cashless transaction policy by 15 September 2021 for all units and Trusts of the Auroville Foundation.
Accordingly we request everyone to observe the cashless transactions policy starting on 15 September 2021. To facilitate the move from cash to digital transactions and enable all units to take payments from outside clients and customers without requiring an individual bank account, we refer everyone to the TalamPay solutions (including point-of-sale UPI QR codes) developed internally in Auroville by Talam. Please get in touch with them ASAP for information and registration by filling this form.
We request any unit or Trust which foresees insurmountable obstacles in observing the policy by 15 September to write to the FAMC (famc (at) auroville.org.in) as soon as possible with your specific situation and concerns.
Best regards,
FAMC
(Amy, Angelo, Jonas, Lisa, Marc, Palani, Ranjith, Stephan)