It will also be easy to ward off the borrowers if you are cashless. Cashless transactions do away with the need of change. One can pay in exact amount even in fraction of rupee or paisa through card payment or online transaction. Problem of counterfeit currency will also be reduced in online transactions.
Cashless Economy is an economic state, whereby the financial transactions are not carried out in the usual sense of exchange of paper currency.
GIG ECONOMY PLATFORMS: BOON OR BANE? ECONOMICS DEPARTMENT WORKING PAPERS No. 1550 By Cyrille Schwellnus, Assaf Geva, Mathilde Pak and Rafael Veiel OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s).By: Dr. Sanchita Ghatak ( Asstt. Editor-ICN Group ) LUCKNOW: An abrupt pronouncement by the PM Modi on the eve of 8th August 2016 that currencies valued 500 and 1000 have been devalued brought lots of shudders and commotion in the lives of general public in India.This was demonetization brought up by PM Modi to curb the menace of black money and fake notes by reducing the amount of cash.Cashless India: A boon or a bane Bhavya K Naik Abstract A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical bank notes or coins, but rather through the transfer funds and digital.
A cashless system can also enable governments to track every transaction, leaving no loopholes for fraudsters. Central banks would be able to impose any desired monetary policy, including negative.Read More
Cashless India: A boon or a bane. Author(s) Bhavya K Naik. Abstract A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical bank notes or coins, but rather through the transfer funds and digital information between the transacting parties using electronic representation.Read More
Despite having a deep understanding of the temporary difficulties it might cause to the common man, the Prime Minister, in a courageous move, decided to withdraw Rs.500 and Rs.1,000 denominations in view of the gigantic proportions black money was acquiring, leading to a virtual parallel economy.Read More
A cashless economy is the ONLY way to win the war on black money. Demonitization attacks stores of existing cash and forces people to learn new methods of payments. But in the long term, it is only when the government can track each and every transaction that a person makes at the click of a button that the capacity to generate future black money will be drastically reduced.Read More
Cashless Economy: Boon or Bane. A cashless economy is an economic state whereby financial transactions are not conducted through money in the form of paper currency which includes physical banknotes or coins, but rather through electronic channels such as direct debit, credit cards, debit cards, electronic clearing, and payment systems such as.Read More
By Xavier Kong. WITH the e-Tunai Rakyat programme in full swing, the interest in e-wallets has reached a new high in Malaysia, especially with the promise of a free RM30 in credit for registered users. Still, there are those who remain wary of e-wallets, or believe it remains a fad that will pass. This article aims to answer that, by providing a general overview of what e-wallets are, their.Read More
Whether it is really a boon or a bane for enterprise mobility in the long term is an important questions that needs further inspection.. cashless transactions online and in real-life shopping destinations.. Finoit Technologies is a renowned and respected mobile application development company providing Web and Mobile app development.Read More
Demonetization In India: A Boon Or A Bane For The Common Man. Digitalizing India to have a cashless policy where every Indian would either use online transactions or swipe their card for the smallest of uses. This will help in maintaining harmony and discipline among people and the crocodiles out there to fill the country with filth would.Read More
Demonetisation: A boon or bane?. We also need to take into consideration the rise in cashless transactions. Many say this benefit is an afterthought. Be that as it may but the fact remains we.Read More