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WhatsApp Video 2022-04-04 at 1.49.36 AM.mp4. Cashless Economy: Challenges in India.
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What is Cashless Economy?. A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties..
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What is the Purpose of Cashless Economy?. Some of the major reasons to implement cashless economy are:- To control the movement of illegal money from circulation in the economy, better tracking of transactions and ease of carrying of financial transactions at any point of time from any place..
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