Merits and Demerits of Cashless Economy
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434 comments Page 32 of 44.
Sathish said:
7 years ago
I would like to share an incident which happened to me. I went to a roadside shop and had four idli which costs 20 but I don't have liquid cash. The shop owner told me to pay through paytm I was shocked but happy. Then he told that pay rs 25 because he would be charged for the transaction. From this, I came to know that cashless made the value of 20 to 25, which means that its a loss for me. So, I conclude that the cashless transaction decreases the value of money.
(7)
Ajay bhardwaj said:
6 years ago
Hello everyone.
Today, I would like to bring kind your attention about to cashless economic and how much benificially for Indian eco. First of all, I will discussion toward to merit you all know from comes to technology internet factor is full swings rather than before day. Paperwork, time value knowledge and health and many thinks are reducing.
Demerit: A person doesn't have proper knowledge about it. They are illiterate. Some time hacking problem we are facing.
Today, I would like to bring kind your attention about to cashless economic and how much benificially for Indian eco. First of all, I will discussion toward to merit you all know from comes to technology internet factor is full swings rather than before day. Paperwork, time value knowledge and health and many thinks are reducing.
Demerit: A person doesn't have proper knowledge about it. They are illiterate. Some time hacking problem we are facing.
(8)
Nusrat khan said:
5 years ago
Hello Everyone.
So today our topic name is Merits and Demerits of Cashless Economy.
As we all know, everything has two sides i.e Positive or Negative also.
So first we talk about Merits:
-> It helps us very well because now for electric bill, e-payment and other renting things we don't need to stand in queue for hours.
Demerits:
-> Demerits are it is quite difficult for those who doesn't know how to use the online method and how to transfer money.
So today our topic name is Merits and Demerits of Cashless Economy.
As we all know, everything has two sides i.e Positive or Negative also.
So first we talk about Merits:
-> It helps us very well because now for electric bill, e-payment and other renting things we don't need to stand in queue for hours.
Demerits:
-> Demerits are it is quite difficult for those who doesn't know how to use the online method and how to transfer money.
(15)
Ajaya said:
7 years ago
Cashless economy is good, it will save our time. And this system will give the chace to some uneducated people to learn some new technologies so that they will know the thrill of the life and technologies.
It's not possible only by the governments it is the responsibility of all the educated people also so that all rural area people also get the benefits of technology and our country also move forward.
Overall it's good till the misusing of the technology.
It's not possible only by the governments it is the responsibility of all the educated people also so that all rural area people also get the benefits of technology and our country also move forward.
Overall it's good till the misusing of the technology.
(5)
Divya Kumari said:
7 years ago
If we see ten years down the line this cashless economy is going to benefit the society a lot.
But as of now it is not that much useful because of unawareness among people. Most of the people are resisting these changes because they don't have proper idea about the merits and demerits of the implementation.
So, as a citizen of India we all should have to take the initiative to teach all ar make everyone aware about the changes taking place in our country.
But as of now it is not that much useful because of unawareness among people. Most of the people are resisting these changes because they don't have proper idea about the merits and demerits of the implementation.
So, as a citizen of India we all should have to take the initiative to teach all ar make everyone aware about the changes taking place in our country.
(2)
Gauri said:
7 years ago
Hello friends.
In my point of view, I just want to say as every coin has two faces similarly everything has its own merits and demerits. But in the case of the cashless economy where there are some demerits also has very much merits which can't be neglected. As with the growth of the cashless economy, bank transaction becomes easy and all the transactions are recorded by the government which leads to reduce the corruption. It saves alot of time and energy.
In my point of view, I just want to say as every coin has two faces similarly everything has its own merits and demerits. But in the case of the cashless economy where there are some demerits also has very much merits which can't be neglected. As with the growth of the cashless economy, bank transaction becomes easy and all the transactions are recorded by the government which leads to reduce the corruption. It saves alot of time and energy.
(24)
Vicky said:
6 years ago
Hello good morning to all.
If I talk about merit and demerits of causeless economy. I will point some of facts regarding this. First of all, it is the easiest way to transfer the money. With in sec we can transfer. And it's save our time also, on contrary of benefits. Its not good where we have network problem, also in rural areas. Because people are not aware of that app like, phone pay, Google pay, paytm etc. And some security issues also regarding this.
If I talk about merit and demerits of causeless economy. I will point some of facts regarding this. First of all, it is the easiest way to transfer the money. With in sec we can transfer. And it's save our time also, on contrary of benefits. Its not good where we have network problem, also in rural areas. Because people are not aware of that app like, phone pay, Google pay, paytm etc. And some security issues also regarding this.
(17)
Sai Omesh said:
6 years ago
Myself Sai Omesh.
My words from this topic, Nowadays everyone use the online paying apps with some issues, sometimes its better to tranfer a money throght mobiles, PC's etc.
Every employee deposit money through banks but now no need to go to bank.
Even banks aslo introduce their own apps to transfer a money.
Sometimes and some areas have no internet facilities to tranfer to others this is the main problem and aslo technical issues aslo arise sometimes.
My words from this topic, Nowadays everyone use the online paying apps with some issues, sometimes its better to tranfer a money throght mobiles, PC's etc.
Every employee deposit money through banks but now no need to go to bank.
Even banks aslo introduce their own apps to transfer a money.
Sometimes and some areas have no internet facilities to tranfer to others this is the main problem and aslo technical issues aslo arise sometimes.
(10)
Dheeraj said:
6 years ago
Cashless economy is one of the better solutions for finding the black money, by using cashless economy no one need to carry a lot of money with them, atm cards will be we sufficient or even we can pay through online transactions by using Android apps such as phonepe and paytm, etc. At the same time we can't give any guarantee that data of a particular person will be secure, authentication of android apps which are useful for transactions must increase.
(14)
Samiksha kapse said:
6 years ago
Hi everyone,
Digitalization of India has many merits and demerits as we can say we can save the time, we can record our transaction and it will be more beneficial and save our time and not fear a lost of it. But on the other hand, India has lot of people who are iliterate they don't know about online payments and all. As we see the people from the village they don't know about any digitalization as they don't hve any smartphone, internet connectivity.
Digitalization of India has many merits and demerits as we can say we can save the time, we can record our transaction and it will be more beneficial and save our time and not fear a lost of it. But on the other hand, India has lot of people who are iliterate they don't know about online payments and all. As we see the people from the village they don't know about any digitalization as they don't hve any smartphone, internet connectivity.
(4)
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