Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 41 of 44.
Samiksha said:
7 years ago
Merits of the cashless economy:
Cashless economy saves our time and also it is easy to transfer money one to another. Also, we save the paper.
Demerits:
It's harmful because of hacking. We have to aware of the account information that couldn't be shared with anyone.
Cashless economy saves our time and also it is easy to transfer money one to another. Also, we save the paper.
Demerits:
It's harmful because of hacking. We have to aware of the account information that couldn't be shared with anyone.
(24)
Soumendra chakraverty said:
5 years ago
Going cashless is the new way of life.
Certainly removes middlemen and deposits money straightaway into accounts of millions of poor farmers or construction workers who otherwise might be cheated.
Contactless economy which is very important in such unprecedented time.
Certainly removes middlemen and deposits money straightaway into accounts of millions of poor farmers or construction workers who otherwise might be cheated.
Contactless economy which is very important in such unprecedented time.
(11)
Farrook said:
3 years ago
Merits:
* Track records.
* Reduction of corruption.
* Easily transfer money to anyone at any location.
* Save trees.
Demerits:
* More fraud.
* Illiterate people cannot understand the system.
* If there is any malfunction in the bank server cannot do the transaction.
* Track records.
* Reduction of corruption.
* Easily transfer money to anyone at any location.
* Save trees.
Demerits:
* More fraud.
* Illiterate people cannot understand the system.
* If there is any malfunction in the bank server cannot do the transaction.
(12)
Shivika said:
6 years ago
Yes,India is ready for cashless economy.Through this corruption can be aborted from our society . Now a days,our major part of corruption is due to ready cash.Without corruption India would soon become a developed country,thus cashless economy is the only way........
(18)
Ravikantrk kumar said:
6 years ago
As per my knowledge, the cashless economy is beneficial for developing our country. And free from carries and pocket cutters while you are travelling. And demerits is that the uneducated person faces problem in the cashless system and probability of hacking also.
(24)
Pavilolita said:
6 years ago
In my point of view, the cashless economy is very good. Because to keep the money in a safe way. To reduce the stolen of money some other people. And easy to transact the money where every we want in the emergency situation. So need to stand in a bank line.
(5)
Sandyp said:
6 years ago
I think the cashless economic system is very good for big business there no recurred cash for transforing money or storing.
This approach also helps a general people in their daily life.
It's safe over money from robbery but not safe to server hacking.
This approach also helps a general people in their daily life.
It's safe over money from robbery but not safe to server hacking.
(6)
Vikas said:
5 years ago
I am not supporting cashless economy because all types of raw material which is base of industries are purchase from villages Farmer who are not much educated, so. This will become a major problem for them, they don't have even smartphone.
Thank you.
Thank you.
(9)
Pavan said:
7 years ago
Hi friends.
As my friend, told the cashless economy is a good initiative by the government. My this it is easy to know the how much transaction is going on and by this we can track the black money holders and their will be an esay calculations.
As my friend, told the cashless economy is a good initiative by the government. My this it is easy to know the how much transaction is going on and by this we can track the black money holders and their will be an esay calculations.
(5)
Anonymous said:
5 years ago
The merit of cashless economy people can keep it safe. As cash is known as form of trust. Its good for shopping and we can know the updated information. If we go from home if we have forgotten to take it we can send money from our mobile itself.
(12)
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