Merits and Demerits of Cashless Economy
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434 comments Page 36 of 44.
Prashant said:
5 years ago
Merits - First I want to tell you all the merits of the cashless economy through a cashless economy everyone can save their time as well as the efficiency of their work. Paperwork will reduce its means of tree will safe.
Demerits - All the people are not aware of this so if the cashless economy increase, so it is a chance that the people who have money in from cash can be struggled, especially in rural areas.
Demerits - All the people are not aware of this so if the cashless economy increase, so it is a chance that the people who have money in from cash can be struggled, especially in rural areas.
(14)
Sanjay kumar said:
7 years ago
Hello friends.
Good afternoon.
I would like to express my view on cashless economy. By changing and enhancing the technology, instent needs a cashless economy play a major role for easily working. Which help us remove a robbery cases. It is beneficial for people who are living in urban area.
Demerits - mostly a rural areas literacy rate is low this is a one of the demerits in India in case of cashless.
Good afternoon.
I would like to express my view on cashless economy. By changing and enhancing the technology, instent needs a cashless economy play a major role for easily working. Which help us remove a robbery cases. It is beneficial for people who are living in urban area.
Demerits - mostly a rural areas literacy rate is low this is a one of the demerits in India in case of cashless.
(4)
Shradhanjali Khatei said:
7 years ago
The Cashless economy is a blessing in disguise for any developing country which wants to develop because it directly benefits the beneficiary without involving any third party. In a country like India where the corruption has imposed its roots from past generation because of which poor people have become poorer and hence this inequality gap has widened, cashless transaction is a 'must' thing to adopt.
(12)
Shibu said:
5 years ago
Hello Everyone,
Today our Topic is cashless Economy has everything as two sides good and bad. The cashless economy also has merits and Demerits.
Merits-.
- It makes it easy to transaction of money.
- It reduces the time of people to withdraw their cash.
- It make unneccessary to carry cash because everywere online payments are done.
Demerits.
- Due to some network issue transaction are restricted.
Today our Topic is cashless Economy has everything as two sides good and bad. The cashless economy also has merits and Demerits.
Merits-.
- It makes it easy to transaction of money.
- It reduces the time of people to withdraw their cash.
- It make unneccessary to carry cash because everywere online payments are done.
Demerits.
- Due to some network issue transaction are restricted.
(11)
Parwinkel kour said:
6 years ago
My point of view on cashless economy is a great ex factor for those people who had no time for go bank and transfer money. Cashless economy helps the India make a digital India. By this. The amount of corruption is less. We can't stop corruption in India.
Online transition easily develop the country by reducing travelling charges.
Terrisiom fact aslo be stop by online transition. For some point.
Online transition easily develop the country by reducing travelling charges.
Terrisiom fact aslo be stop by online transition. For some point.
(4)
Manish nagore said:
7 years ago
According to me, the cashless economy is good but it is not successful because it can be used only educated people but if I would like to say about many uneducated people and they so work daily salary based and they don't know about how to use anything like debit card and any other applications it can be very difficult so it can be demerits for our contact people it should not be done.
(6)
Ram said:
5 years ago
Hello everyone,
This is the Ram, today I'm going to speak about merit and demerit of the cashless economy.
We are in the 21st century that is the digital era.
By adopting the cashless system we are so much benefited. Like, pay bills just in few seconds, by ticket quickly and many more.
It's a good initiative by our government.
It also has some drawback for which we have to careful.
This is the Ram, today I'm going to speak about merit and demerit of the cashless economy.
We are in the 21st century that is the digital era.
By adopting the cashless system we are so much benefited. Like, pay bills just in few seconds, by ticket quickly and many more.
It's a good initiative by our government.
It also has some drawback for which we have to careful.
(7)
Ayush said:
7 years ago
Cashless economy is good for developing countries like India. There are many advantages of cashless economy such as it reduces the fear of theft, it save the resources used for printing the currency notes, every transaction is noted which reduces corruption, no need to stand in a queue at banks for transaction of money etc.
Main disadvantage is cyber fraud and unawareness of people.
Main disadvantage is cyber fraud and unawareness of people.
(9)
ANKUSH said:
7 years ago
I will say only that you can start any new things but if people don't have any information about this then there is no benefit to starting it.
People from urban areas get benefitted from the cashless economy but what about rural areas where people go bank for Money transfer even after the cashless economy.
So, this if government responsibility to get aware of these rural people.
People from urban areas get benefitted from the cashless economy but what about rural areas where people go bank for Money transfer even after the cashless economy.
So, this if government responsibility to get aware of these rural people.
(3)
Amarjeet kumar giri said:
7 years ago
Merits:
1. No need to stand in a queue.
2. Easy to transfer money one account to another all over the world.
3. 2 way authentication made it very secure.
4. Time Saving.
Demerits:
1. it is effortless, making people lazy.
2. Chances of failure due to the low-speed internet.
3. Take time to refund when transaction declined.
4. it is not for everyone.
5. not useful everywhere.
1. No need to stand in a queue.
2. Easy to transfer money one account to another all over the world.
3. 2 way authentication made it very secure.
4. Time Saving.
Demerits:
1. it is effortless, making people lazy.
2. Chances of failure due to the low-speed internet.
3. Take time to refund when transaction declined.
4. it is not for everyone.
5. not useful everywhere.
(52)
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