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About Study On Cash Vs Cashless Indian Economy
Cash is physical money like bills and coins, while cashless transactions are digital and done through things like debit/credit cards, digital wallets, and bank transfers. A cashless economy relies entirely on digital transactions rather than physical cash. Some benefits of a cashless system include lower costs, increased security, and improved record keeping. However, challenges include getting people accustomed to new digital payment methods and ensuring the security of digital transactions. India is transitioning toward a less cash economy by promoting digital payment apps and infrastructure to curb issues like corruption and black money. The use of cashless payments is growing but challenges still exist in fully realizing a digital payment system.
Detailed Information
| Author: | ['Bhagyashri Ahire'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 91 |
| Language: | English |
| Format: | |
| Price: | FREE |
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