Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 33 of 44.
Virat said:
7 years ago
Hello everyone.
According to me, the cashless economy is the need of this generation, no one has time to stand in the bank queues.
Also, our govt takes initiative so that it reaches to each n every person in the country, in the remote areas too. Bheem app is so easy to operate even an illiterate person can handle it very well.
But we need to give time and keep patience.
Everything has drawbacks but the cashless transaction has more pros than cons.
According to me, the cashless economy is the need of this generation, no one has time to stand in the bank queues.
Also, our govt takes initiative so that it reaches to each n every person in the country, in the remote areas too. Bheem app is so easy to operate even an illiterate person can handle it very well.
But we need to give time and keep patience.
Everything has drawbacks but the cashless transaction has more pros than cons.
(5)
Geetha said:
6 years ago
The cashless economy has both merits and demerits.
The merits is it lead our country to a digital world.
By using the Cashless transaction.
We can come to know our balance easily in our account by just sitting in one place.
Safe transaction for huge business dealings.
Demerits:
If one letter or number goes wrong the amount is credited to someone's account. Which is totally unsafe.
For uneducated people, hackers can easily withhold their account.
The merits is it lead our country to a digital world.
By using the Cashless transaction.
We can come to know our balance easily in our account by just sitting in one place.
Safe transaction for huge business dealings.
Demerits:
If one letter or number goes wrong the amount is credited to someone's account. Which is totally unsafe.
For uneducated people, hackers can easily withhold their account.
(10)
Swathi said:
6 years ago
Hi everyone.
On behalf of the topic cashless economy has more advantages compared to disadvantages.
Firstly we can discuss the advantages.
1. The main advantage is while shopping. We need not want to carry a huge amount.
You can do the online payment by paytm or google pay etc.
2. Next, you can do more work in less time or on the spot.
3. You can make the online transaction for urgent purposes.
That is you need not go to preferred atm or bank.
On behalf of the topic cashless economy has more advantages compared to disadvantages.
Firstly we can discuss the advantages.
1. The main advantage is while shopping. We need not want to carry a huge amount.
You can do the online payment by paytm or google pay etc.
2. Next, you can do more work in less time or on the spot.
3. You can make the online transaction for urgent purposes.
That is you need not go to preferred atm or bank.
(10)
Kanak sharma said:
5 years ago
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.
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.
(9)
Lipu said:
3 years ago
Cashless economy ensures that the loss due to damage of materialistic currency can be prevented. It will become easy for government to have a track of all the money they have circulated in the country. No duplication of currency. But at the same time ensuring high security from online fraud and all related cyber crimes are some of the major concern. And another obstacles is that the accessibility of technology to all groups of people in our society.
(9)
KAMLENDRA KUMAR (KK) said:
6 years ago
The digitalization of India is very beneficial to all.
Educated or uneducated people's it's makes simple to living and many uneducated persons learning many new things. Digitalisation also empowered to create jobs and businesses. But we have to increase the security of digital products. The most important thing is it is save time to transfer the money so it is unconditionally acceptable i.e. digitalisation is beneficial to whole world.
Thank you.
Educated or uneducated people's it's makes simple to living and many uneducated persons learning many new things. Digitalisation also empowered to create jobs and businesses. But we have to increase the security of digital products. The most important thing is it is save time to transfer the money so it is unconditionally acceptable i.e. digitalisation is beneficial to whole world.
Thank you.
(17)
Smita said:
7 years ago
Hello everyone!
Cashless Economy is that part of digital India which is leading to make India a developed country.
Merits of Cashless Economy:
1. Timely payment.
2. Minimised risk of theft.
3. Safer and efficient.
4. Reduced load of Banks.
5. Easy to pay even a non-rounded figure.
6. Need not to ask for a change to everyone around.
Demerits of Cashless Economy:
1. Poor services of Cellular companies.
2. Non-availability of cash in all ATM's.
Cashless Economy is that part of digital India which is leading to make India a developed country.
Merits of Cashless Economy:
1. Timely payment.
2. Minimised risk of theft.
3. Safer and efficient.
4. Reduced load of Banks.
5. Easy to pay even a non-rounded figure.
6. Need not to ask for a change to everyone around.
Demerits of Cashless Economy:
1. Poor services of Cellular companies.
2. Non-availability of cash in all ATM's.
(24)
Balakrishnan.V said:
6 years ago
Merits:
In our day to day life, technology is grown. We have to minimize energy, time and to increase efficiency in every work, so we need to improve as like cashless economy for the above-mentioned particulars.
Demerits:
We have to create knowledge about "cashless economy" to every uneducated people and make them access, I think this is one of the major problems if we try to provide a solution for this problem, this issue has also gone away.
In our day to day life, technology is grown. We have to minimize energy, time and to increase efficiency in every work, so we need to improve as like cashless economy for the above-mentioned particulars.
Demerits:
We have to create knowledge about "cashless economy" to every uneducated people and make them access, I think this is one of the major problems if we try to provide a solution for this problem, this issue has also gone away.
(3)
Akhil Tathe said:
7 years ago
Hi friends,
Good morning everyone,
Today's our topic for group discussion is 'merits and demerits of the cashless economy'.
So, I'm with the cashless economy, almost all things have its appropriate merits and demerits so it doesn't mean that to avoid or limit the use. We are the part of our country, there are lots of demerits but if cashless economy helps to boost our countries economy then it's our responsibility that to over come on it.
Good morning everyone,
Today's our topic for group discussion is 'merits and demerits of the cashless economy'.
So, I'm with the cashless economy, almost all things have its appropriate merits and demerits so it doesn't mean that to avoid or limit the use. We are the part of our country, there are lots of demerits but if cashless economy helps to boost our countries economy then it's our responsibility that to over come on it.
(12)
Sridhar said:
6 years ago
There are both merit and demerit found in cashless economy. Anyone, can't take money with everywhere and can't send or receive money from any other but by the help of cashless economy, it took a few minutes to resolve the problem but in various case it is harmful to mankind due to increase in the cashless transaction also increase in cybercrime. Instantly he removed money from our bank account so it is also advantage and disadvantage for us.
(13)
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