Question

How can the rural sector be a cashless economy?
explain any 5 benefits of cashless economy

Answer 1

it can be cashless by providing them with facilities like online banking, using mobile Android app like paytam etc. for payment modes. the use of cash can be reduce by having a swiping card facilities in all shapes even vegetable vendor.

benefits if cashless economy.
1. easy to excess
2. no fear of losing cash
3. corruption in country can be controlled.