Write debate on cashless economy in against
Answers
Cashless transaction include all transactions which does not include cash i.e. transactions through debit/credit card,cheques,NEFT etc. India is absolutely ready for a cashless economy. In MAY 2018 there was about 172 million NEFT transactions. About 80% of Indian adult have bank account. With the invent of new technology , now feature phones like jio phone are providing digital payment facility . There are about 730.7 million mobile phones in India. Now banks like DBS and indusland have started providing facility like biometrics verification which are safe as well as secure.
We should also look for the benefit of a cashless economy. It will solve problems of corruption, fake note, terrorist funding as all the transaction will be recorded. It will also save money spent on printing notes i.e 3.9 for 1Rs 500 note and 3.77 for 1 Rs 2000 note.
If India wants to become among the best country we need to accept change and adopt technology that will improve our efficiency & transparability.
Mark it as the Brailiest answer ❤