Advantage and disadvantage of Cashless Society essay 107.
Credit card advantages and disadvantages essay. Credit card is defined as “It is the combination of two words first is credit means The ability to obtain goods or services before payment, based on the trust that payment will be made in the future and card is defined as A plastic card issued by a bank, business, etc., for the purchase of goods or services on credit”.
The cashless society is being sold as a more convenient method of payment, and a method of preventing crimes all the way from the robbery of cash from an individual to the extent of money laundering among crime syndicates. The move to use electronic cash in an ironically termed society dubbed “cashless”; there are many issues that include security, privacy, crime and computerization.
In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon? As e-books are available online these days, the value of printed books has diminished. Agree or disagree. The ability to learn more than one language will be less important in future. Do you agree or disagree? Does building design have an impact on the way people live and work.
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Cashless India is a recently introduced phenomenon targeted to bring a transformation in the country’s economy by the Indian government, to change the cash-based economy into cashless through digital means. However, still there are various obstacle to be addressed if we want to make India cashless in true sense. India is a huge country and the convenience of making transactions through the.
A cashless society is one where financial transactions are executed digitally, without physical banknotes changing hands. A cashless society makes use of electronic forms of payment such as credit and debit cards, mobile wallets, payment apps, internet banking, cashless point of sales (POS) systems, and other forms of digital payments. Why do we need a cashless society? There is no escaping.
PTE essay example credit cards instead of cash There are more and more situations using credit cards instead of cash. It seems that cashless society is becoming a reality. How realistic do you think it is.