disadvantages of cashless economy
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People who live in the lower level of pyramid are not technology friendly .They don't know how to operate a smartphone(forget about Paytm and online banking).
Everyone cannot buy a smartphone and data packs. (person who fights for his survival ,how could he invest amount in electronic gadgets)
People who live in rural areas will be affected a lot because the basic infrastructure for cashless transactions is missing.
We saw couple of weeks ago that the security of debits cards was breached. In India. So , this is the main drawbacks of cashless transaction.
It's my opinion and I support cashless transactions because it's good for growth of country and people.
Everyone cannot buy a smartphone and data packs. (person who fights for his survival ,how could he invest amount in electronic gadgets)
People who live in rural areas will be affected a lot because the basic infrastructure for cashless transactions is missing.
We saw couple of weeks ago that the security of debits cards was breached. In India. So , this is the main drawbacks of cashless transaction.
It's my opinion and I support cashless transactions because it's good for growth of country and people.
SSaammeeeerr:
Hi
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