Why did Government of India encouraging to have Internet banking and cashless transaction
Answers
Answered by
8
During the phase of demonitization, people were running from banks to banks to get their money exchanged. Hence government of India encouraged people to have cashless transactions. Cashless transactions are helpful because:
=> No need to carry huge cash in purse.
=> A single card swipe would make the payment for you.
=> It is less tedious and authentic.
=> The records of cashless transactions are always noted and hence there are lesser chance of fraud.
=> No need to carry huge cash in purse.
=> A single card swipe would make the payment for you.
=> It is less tedious and authentic.
=> The records of cashless transactions are always noted and hence there are lesser chance of fraud.
Similar questions