Merits and Demerits of Cashless Economy

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.

Hello everyone,

I want to give my opinion on the cashless economic is merits and demerits.

First of all, I am talking about that it economic has very important and time-consuming techniques for doing work like as (bill payment, payment-related all other shops, money transfer). All important work-related this economic done from home not go anywhere and without waste your money and time.

Most of us use Google pay, Phone pay, Amazon pay and any other applications for do better work. That's all about merits.

And some demerits are cybercrime, bank account hacked.

Thank you everyone.

Hello, all of you, today we are here to discuss merits and demerits of the cashless economy so let's break the ice cashless economy is best there is no doubt about it but it has many cons. First thing should be discussed is hacking this word create an image of threat in our mind everybody wants to know how much his transaction is secure so that is I think is big cons about cashless economy know I want to know yours view if you have any.

Good morning friends, My name is Vipin Saroj.

I live at Pratapgarh in Uttar Pradesh. Let me start the discussion on the given topic MERIT AND DEMERIT OF CASHLESS ECONOMY. The cashless economy has more benefit. Like to protect corruption. With cashless, we can easily pay all the payment like bill, shopping and other things. But the cashless economy also has the demerit. The cyberattack is very dangerous for cashless. And it is not comfortable for everyone because some illiterate person does not understand the cashless economy.

Hi everyone.

I am Sanjeet I belong to Alwar(Rajasthan)


Today our topic the cashless economy
Let's discuss it.
Every coin have two sides as the cashless economy has two sides
First, we discuss it advantages

Advantages-
Cashless economy is very helpful for us we save them time and energy by this. This economy is provided us with many facilities.
We can online payment easily with sitting one place there is no risks.
We can pay the electricity bill, water bill and other bills.
We can pay online payment it's saved our time and time is very important for us.

Disadvantages-
The cashless economy has some disadvantages with have advantages.
Cashless economy is not successful in the rural area or network problems areas.
This technology is not used by illiterate persons.
Today the thieves hack our bank account and steal the money so this technique is not profitable Completely.
Thanks.

Cashless Economy is Good for the new generation but in this generation, it's not good for everywhere the cause of not all of the people know about it. Like a village in any other places where education level is not good.

Hello everyone.

Today we are discussing the cashless economy. The cashless economy has its economic impact on the society.

Due to the cashless, it is now easier transaction through your bank or e- wallet. Because of this, we buy anything online from various platforms without going anywhere. Cashless economic also gives boost our to increase employment opportunity in this sector. Due to cashless banks to able to manage money multiplayer in the economy.

Apart from that it also has the disadvantage of the cashless economy as rising this sector no of cases of fraud is rising. This needs to be addressed so that we insure the cashless economy remains safe.

In my point of view, cashless economy is very beneficial for our country. Because the number of tex payer in our country is very low so with the help of it we can improve our economy and we can also stop corruption which is in the form of black money. Our government can save the money which waste on the printing of cash. But it has its demerit also cyber crime cases are increasing rapidly. And it is not suitable for every person.

Hello everyone myself Abhishek Yadav from Bangalore district of Karnataka.

As per cashless economy is concerned I think that it will be beneficial for our country.

As we know that there's a lot of work like paying bills to government and many more can be done online as we also know that our population is growing day by day so the government also need to increase there offices workers rather than that if it goes online we will be able to do stress fewer works.

As per demerits is concerned nowadays due to unemployment hacking and frauds has gone on another level which Ultimately does the loss of people I think the government should launch some skims for knowing properly use of technology.

That's all my opinion.

Have a nice day thanks.

According to my perception- cashless economy is good and gradually it becomes part of our nation.

But at present we can't emphasize it to all because lot of people in northen part of India is illitrate they are not able to operate new technology system. They all are face lot of problem in it. But every coin has two face - second one show optimistic part of it by this system people will take a little step to move ahead in technology.

Thank you all.