Exchanging How did Cashless helped?

[Mataracy]

Cashless can be describe as a situation where by someone is trading without going about with cash either in form of notes or coin being given from one person or company to another for example by the use of bank transfers or credit card.

Cashless society has really helped in so many ways that,it help or save many from thief, lost of money,been staying long in the banking premisis all in the name of sending money or receiving money.

Many customers no longer,or rarely carry cash,prefering the convince of card payments and, increasingly,payments via mobile phone. Payment for items online,again via credit card,mobile devices,or services such as PayPal are also now commonplace.

Cashless environment really make transaction very easy .
For example if a friend call now he/she need money from you now; one to need to stress oneself by going to the bank instead you just pick up your phone and transfer the money.

How does cashless helped in our day to days transactions or activities?

 

[Briangsam]

Cashless payments eliminate several business risks at a time such as theft of cash by employees, counterfeit money, and robbery of cash. Moreover, it also reduces costs of security, withdrawing cash from bank, transporting, and counting. An economy in which transactions of cash are less and transactions mainly take place on credit cards, debit cards, e-wallets, or any digital payments. This is a much cheaper method and will also help control excess inflation caused by the overprinting of money for circulation in the economy.

 

[Briangsam]

Cashless payments eliminate several business risks at a time such as theft of cash by employees, counterfeit money, and robbery of cash. Moreover, it also reduces costs of security, withdrawing cash from bank, transporting, and counting. An economy in which transactions of cash are less and transactions mainly take place on credit cards, debit cards, e-wallets, or any digital payments. This is a much cheaper method and will also help control excess inflation caused by the overprinting of money for circulation in the economy. So cashless has really helped a lot.