Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 40 of 44.
Mitali srivastava said:
7 years ago
Hello everyone, in my opinion, the cashless is a very wonderful concept because it is very useful for the people government has taken this initiative so that it can reach to each and every person in the world. But it has certain drawbacks like our data is not safe.
And important information.
And important information.
(11)
Arijit said:
6 years ago
Merits:
1. It will help us to reduce the black money from the society.
2. It will make the transaction easy.
3. We do not have to worry about the cash crunch in our economy.
4. We can indirectly save papers.
Demerits:
1. We can not make a cashless transaction without internet connectivity.
1. It will help us to reduce the black money from the society.
2. It will make the transaction easy.
3. We do not have to worry about the cash crunch in our economy.
4. We can indirectly save papers.
Demerits:
1. We can not make a cashless transaction without internet connectivity.
(14)
Sumit said:
6 years ago
Good Morning to all.
Many demerits are there regarding the cashless economy mainly cybercrime. Today as the level of security increases within this the criminal mind is also improving by hacking or by knowing pin, codes etc the many from an account can be transferred to the desired account.
Many demerits are there regarding the cashless economy mainly cybercrime. Today as the level of security increases within this the criminal mind is also improving by hacking or by knowing pin, codes etc the many from an account can be transferred to the desired account.
(12)
ROHIT said:
3 years ago
Hello everyone, there are also more advantages have: if people get an online salary then they get a salary slip, it helps to take a loan through show salary slip.
And also if people continuously buy a product through EMI their CIBIL will get good then they can easily be bought loans.
And also if people continuously buy a product through EMI their CIBIL will get good then they can easily be bought loans.
(12)
Jayesh deore said:
7 years ago
The Cashless economy has two sides of the coin it will very beneficial for people who are educated or good knowledge of smartphone such people can easily go cashless but limitations of this system is a rural area which is nearly unknown about cashless transaction due to illiteracy.
(10)
Aanand patidar said:
7 years ago
As per my knowledge, merits of the cashless economy is more beneficial over its demerits, like you can pay anyone to anywhere, it reduces theft, our country gets digitalise in way of using different apps like tej, phone pay, paytm and many more advantage of cashless economy.
(12)
Shaikh shoaib said:
7 years ago
The Cashless economy is very precious as well as accurate method while transaction. The main factor is that to save the trees and our valuable time.
Two hours work gets done in a few seconds.
The only one demerits is the cashless economy is useful for only educated person.
Two hours work gets done in a few seconds.
The only one demerits is the cashless economy is useful for only educated person.
(7)
Aishwarya R D said:
4 years ago
Merits:
Any online payments can be done within a minute or so.
There is no contact between people which is very essential during this pandemic.
Demerits:
Sometimes the transaction occurs, but it is told that the transaction failed, making us think where the money went.
Any online payments can be done within a minute or so.
There is no contact between people which is very essential during this pandemic.
Demerits:
Sometimes the transaction occurs, but it is told that the transaction failed, making us think where the money went.
(6)
Sowji said:
4 years ago
Hi Everyone,
Merits:
* Lossing of money is less.
* No need to carry much amount of money.
* Easy transaction anywhere and any time.
Demerits :
* Known people only will use.
* Sometimes occurs errors in transactions.
* Be careful while using, hackers will hack accounts.
Merits:
* Lossing of money is less.
* No need to carry much amount of money.
* Easy transaction anywhere and any time.
Demerits :
* Known people only will use.
* Sometimes occurs errors in transactions.
* Be careful while using, hackers will hack accounts.
(13)
Monika said:
6 years ago
Hello everyone,
According to my point of view, it is safe and secure for all transactions. But as every coin have two sides, so most of the rural people were not having more awareness about the cashless economy so the government should take a step to give some awareness.
According to my point of view, it is safe and secure for all transactions. But as every coin have two sides, so most of the rural people were not having more awareness about the cashless economy so the government should take a step to give some awareness.
(26)
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