Cashless Society: In our
social life we seen that all goods are buy and sales by money in form of cash(notes
or coin). Cashless society means for buying anything we do not need cash, you can pay money online or transfer balance
without using coil/notes.
You can pay money by-
ATM Cards- Money can be easily transfer using your ATM card,
If you buy something from any shop (If POS machine is found) .ATM play
important role for every cashless society.
Mobile- This is basically a
virtual wallet available on your mobile phone. You can store cash on the mobile
to make online or offline payments. Various service providers offer these
wallets via mobile apps, which you need to download on the phone.
Now there is lots of
software available for transferring money, they are
·
PayPal
·
Google Wallet
·
Square Cash.
·
Chase QuickPay. .
·
Western Union
·
Xoom Money Transfer.
·
Paytm and so many.
What network you
are using?Because many companies like ide, airtel, Vodafone ect. Are providing
way to transferring money.For Example mpaisa, Airtel money ect.
I suggest that, You should use those software which are provided by your
bank (which you have account).
Top countries who adopted Cashless they are-
Sweden
Somaliland
Kenya
Canada
South Korea ect.
A balance
transfer can be an absolute lifesaver if you use it wisely, but it may not make
a large impact if you continue using your credit cards and racking up debt. To
get the most out of these offers, you have to change the way you think about
and use credit. And most of all, you have to change the way you spend.
Advantage: so many advantage for cashless society, they do
not need to take weight of money or not any risk of stolen, If You put your
money in bamk then your money is safe and you can use anytime by using your ATM
or net banking.
A Cashless Future Is The Real Goal Of
India's Demonetization Move-Forbes
“It’s very humbling. What we thought was
that we’re solving payments, but what we learnt was we’re bringing millions of
people into the mainstream economy that they never really benefited from
earlier,” says Vijay Shekhar Sharma, founder of Paytm. “This started in the
world of Aadhaar and is moving into the world of financial services with things
like Paytm. We will bring half a billion Indians into the mainstream economy.”
Conclusion:
Technology come for doing our work easier, this era is Fully connected to
internet most of all peoples are using social sites, or anything related to
internet, all have personal mobiles then why we not using net banking or any
other for cashless mode.
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