New Delhi, Nov 27 (IANS): In his first monthly radio address after demonetisation, Prime Minister Narendra Modi on Sunday urged small businesses and workers to embrace cashless transaction through mobile banking and plastic money.

"I would like to tell our small and micro businesses to take up this opportunity to enter the digital world. You too should download mobile banking applications, install POS (point of sale) machines for swiping cards," Modi said in his customary 'Mann Ki Baat' speech on All India Radio.

"In the way that large malls expand their business through use of technology, small businesses too can increase turnover by using simple user-friendly technology," he added.

Modi told the country's labour population how adopting digital technology would help end their exploitation.

"You have been exploited much...getting one wage on paper and another in hand. Besides, when you are paid every month, there is always someone outside the gates waiting to take a cut from your wages," the Prime Minister said, addressing workers.

"Under this new project (demonetisation), we want your salary deposited in the bank account so that faithful payment of minimum wage is assured," Modi said.

"And you, in turn, can use your mobile phone like an e-wallet to make payments to your neighbourhood shops for your needs," he added.