Merits and Demerits of Cashless Economy
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Discussion:
434 comments Page 43 of 44.
Devansh said:
3 years ago
What do you mean about black money? I am not very familiar with the term. But I agree with the other comments. Cashless economy is a major leap forward to growth. Plus, it's extremely convenient too.
(7)
Suraj said:
7 years ago
According to me, the merits of cashless economy is saving time and not going to any bank make transactions speedy.
Demerits of cashless economy is risk of hacking and internet connection mandatory.
Demerits of cashless economy is risk of hacking and internet connection mandatory.
(5)
Poonam jain said:
6 years ago
Cashless economy is the best economy. People don't have standing in a line like bank etc. And they are working fast and reduced fear of theft.
Demerits like undeveloped villages, Illiterate people.
Demerits like undeveloped villages, Illiterate people.
(18)
Ramya said:
6 years ago
Good morning all.
A cashless economy is powerful and easy transactions.
Time-saving.
Easy process.
Urgent processing useful to the people.
No weight.
Demerits.
Not secured.
No hopeful.
A cashless economy is powerful and easy transactions.
Time-saving.
Easy process.
Urgent processing useful to the people.
No weight.
Demerits.
Not secured.
No hopeful.
(27)
Poornima Babu said:
4 years ago
Hi everyone.
Merits:
No need to carry money.
Save paper save trees.
No fear of money stolen.
Demerits:
Uneducated people's will not use it.
Transaction error.
Hackers hack our money.
Merits:
No need to carry money.
Save paper save trees.
No fear of money stolen.
Demerits:
Uneducated people's will not use it.
Transaction error.
Hackers hack our money.
(10)
RBP Finivis said:
3 years ago
Everyone here prefers cashless money as it is safer and more convenient to carry. But on the other hand, it is more venerable to stole and you can't do anything except pray to god.
(11)
Pratik said:
7 years ago
Cashless economy not only saves our time but also saves paper. The cashless economy also solves the problem of money in atm.
We do not have await in a long queue in mscb office.
We do not have await in a long queue in mscb office.
(6)
Angel said:
5 years ago
It's useful for time management. We can pay any bills or payments within a second. And also we reduce the robbering and it's also the solution of money losing problem.
(12)
Surekha said:
5 years ago
I think cashless economy is great.
We don't have search of changes. We don't have cut down trees. Transaction can be done very easily and accurately.
We don't have search of changes. We don't have cut down trees. Transaction can be done very easily and accurately.
(11)
Sharry said:
7 years ago
Some of the impacts are;
Paper is saved.
More transparency.
Use of technology.
Security and risk factors are reduced.
Black money is reduced.
Paper is saved.
More transparency.
Use of technology.
Security and risk factors are reduced.
Black money is reduced.
(13)
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