What will be ghe impact on forgien excahnge when india will be a cash less economy?
Answers
More number of smart phone user : Only 17% of India's population have access to this smartphone and with this cashless economy this number is going to increase in a large percentage and we all know what this smartphone can do.
Environment friendly : this cashless economy will also decrease the use of notes which is prepared after cutting lots of trees.
More tourist : Tourist from other country can use mobile app to roam around and can buy the things that they will like by the help of digital payment.
Security : Stealing of money is going to reduce to a large extent at various public places.the digital payment will help you to keep the proof of every payment that you will make even at small vendor
Pocket money : With this digitalised economy you will get pocket money from your parents even if you are very far away from them or even you can send gifts or money to your younger ones.
Various discounts : you will get various discounts from the mobile app in various festive season.
Educated thieves : By this digitalised payment all the transactions will be done online ,so now thieves have to learn about online transaction and cyber crimes.