For Pakistan's law and order situation, perhaps non anonymous electronic cash can be a solution.
Poor paid thru atms by transferring money on their mobile phones. they then use this at shops, who accept them on phones. each transaction is recorded. in a day a person enters into 100 transactions, which means 200 million multiplied by 100 equals 20 billion cash transactions. Fortunately in this age this number does not seem formidable, it is just like big data.
one mobile phone per person, govt issued, linked to NID, no paper money left.
Poor paid thru atms by transferring money on their mobile phones. they then use this at shops, who accept them on phones. each transaction is recorded. in a day a person enters into 100 transactions, which means 200 million multiplied by 100 equals 20 billion cash transactions. Fortunately in this age this number does not seem formidable, it is just like big data.
one mobile phone per person, govt issued, linked to NID, no paper money left.
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