Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 31 of 44.
Rita said:
6 years ago
Cashless Economy is a big change. So change takes time to accept. So, in between of acceptance. There are certain merits as well as demerits as coins having two sides. Let's come towards firstly positive i.e.merits. Cashless economy helps to do transactions in less time. We don't need to carry wallet everywhere whereas mobile is wallet nowdays due to cashless economy.
In Demerits, Poor people are not aware of cashless economy. So, a certain program will help to spread awareness to them.
In Demerits, Poor people are not aware of cashless economy. So, a certain program will help to spread awareness to them.
(9)
Sree said:
6 years ago
The cashless economy should be implemented in our nation in a proper way such that people who are illiterate, and from rural areas are not much aware of the online payments so that they should be aware of these Technics as such, they can also use this process in a proper way. Having a cashless economy is very beneficial in our present situation as it replaces many problems. It may lead to the reduction of corruption, increases safety, makes work easy, time consumption will be reduced.
(39)
MISBAGI said:
4 years ago
Good morning.
Cashless economy is the revolution in the digital world whether it is used in the field of business just like as a marketing field, educational field and many other governments and private sector so when our country is used is as a platform of digital interface, also when the user of the cashless economy all over world trade recognition is very vast revolve on the basis of phonpay, google pay so the using of cashless economy whatever we used a currency in modulation.
Cashless economy is the revolution in the digital world whether it is used in the field of business just like as a marketing field, educational field and many other governments and private sector so when our country is used is as a platform of digital interface, also when the user of the cashless economy all over world trade recognition is very vast revolve on the basis of phonpay, google pay so the using of cashless economy whatever we used a currency in modulation.
(6)
Anurag yadav said:
5 years ago
According to my opinion, today we discuss the merit and demerit cashless economy as we know everything has pros and cons first I discuss the merit of the cashless economy today we can complete all our work in a very short period like bank work as money transaction and the transfer we can save a lot of time to use this method. Its demerit 1when we work in important things and we face server problem and sometimes hijackers hacked my bank account and with a drawl, it's money we use.
(18)
Afroza said:
6 years ago
Hi everyone.
There are merits and demerits as well. Let's come across to merits side first:
1) there will no more robbery in your houses.
2) anytime anywhere transactions can be done.
3) no need to stand in question and waste your time.
4) Able to transfer accurate money to the opponent. No more additional cost required.
Let's come to the demerit side:
Let's think about the uneducated people, senior citizens of our country, will they able to perform? No, right?
Thank you.
There are merits and demerits as well. Let's come across to merits side first:
1) there will no more robbery in your houses.
2) anytime anywhere transactions can be done.
3) no need to stand in question and waste your time.
4) Able to transfer accurate money to the opponent. No more additional cost required.
Let's come to the demerit side:
Let's think about the uneducated people, senior citizens of our country, will they able to perform? No, right?
Thank you.
(17)
Zara said:
7 years ago
The demerits of the cashless economy have been overcome by its merits.
Merits.
* Easy flow of money.
* Easy to use.
* Saves a lot of time.
* Quick transactions.
* Helps in development.
* No fear of losing money.
* Effortless transactions.
* 24 hours service.
* Opportunity to make transactions in different countries.
Demerits. The demerits may be due to a fault by us or it may also be because of some technical problem. So people should carefully follow the instructions.
Merits.
* Easy flow of money.
* Easy to use.
* Saves a lot of time.
* Quick transactions.
* Helps in development.
* No fear of losing money.
* Effortless transactions.
* 24 hours service.
* Opportunity to make transactions in different countries.
Demerits. The demerits may be due to a fault by us or it may also be because of some technical problem. So people should carefully follow the instructions.
(22)
Dev said:
4 years ago
Merits-.
1. It is easy to send money without carrying cash.
2. There is no fear to steel it.
3. All over the world you can send or receive money in a few seconds.
4. Use of cash less economy, paper and trees will be safe.
Demerits-.
1. Without the internet, a cashless economy no of use.
2. Afraid of hackers.
3. It is no use of an unadulterated person.
4. Without a mobile phone/laptop/computer it is not possible.
These are merits and demerits of cashless economy.
1. It is easy to send money without carrying cash.
2. There is no fear to steel it.
3. All over the world you can send or receive money in a few seconds.
4. Use of cash less economy, paper and trees will be safe.
Demerits-.
1. Without the internet, a cashless economy no of use.
2. Afraid of hackers.
3. It is no use of an unadulterated person.
4. Without a mobile phone/laptop/computer it is not possible.
These are merits and demerits of cashless economy.
(29)
Rahul Kumawat said:
3 years ago
The cashless economy better says it as digital Economy As we already know every coin has two faces.
So, this also has merits and demerits.
Merits :
1. Easy transfer of money from one corner of the country to other.
2. Reduces corruption.
3. Reduces cash robbery.
4. Saves trees as no use of paper.
Demerits:
1. Very difficult to understand for uneducated people.
2. Problem for network less prone areas.
3. Chances of a cyber attack on the account.
4. Bank server issues.
So, this also has merits and demerits.
Merits :
1. Easy transfer of money from one corner of the country to other.
2. Reduces corruption.
3. Reduces cash robbery.
4. Saves trees as no use of paper.
Demerits:
1. Very difficult to understand for uneducated people.
2. Problem for network less prone areas.
3. Chances of a cyber attack on the account.
4. Bank server issues.
(48)
ANSHUL OJHA said:
6 years ago
Good Morning All of You,
My name is Anshul Ojha.
I am in favour of the cashless economy because this is a very easy way to pay the money. The cashless system brings down the cost associated with printing, storing and transportation of cash. A lot of eCommerce website offers huge incentives in terms of discounts, cashback to the customers for making a digital transaction for shopping online.
THANK YOU FOR GIVING ME A CHANCE TO REPRESENT THIS TOPIC.
HAVE A NICE DAY.
My name is Anshul Ojha.
I am in favour of the cashless economy because this is a very easy way to pay the money. The cashless system brings down the cost associated with printing, storing and transportation of cash. A lot of eCommerce website offers huge incentives in terms of discounts, cashback to the customers for making a digital transaction for shopping online.
THANK YOU FOR GIVING ME A CHANCE TO REPRESENT THIS TOPIC.
HAVE A NICE DAY.
(18)
Gouttam kumar dash said:
4 years ago
Hellow everyone.
Thank you so much to the jury panel for providing us with such an aware topic.
In my point of view, the cashless economy provide. Safety. Security. And our data are safe. It is enough to have the benefits.
Let's come to its Merits.
* it reduces curation.
*it reduces the printing of money.
*it helps to do faster transactions everywhere in the country.
Let's discuss its demerits.
*it needs a strong network connection.
*it needs literate people.
Thank you so much to the jury panel for providing us with such an aware topic.
In my point of view, the cashless economy provide. Safety. Security. And our data are safe. It is enough to have the benefits.
Let's come to its Merits.
* it reduces curation.
*it reduces the printing of money.
*it helps to do faster transactions everywhere in the country.
Let's discuss its demerits.
*it needs a strong network connection.
*it needs literate people.
(35)
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