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International Journal of Applied Research
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ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

International Journal of Applied Research

Vol. 3, Issue 1, Part B (2017)

Cashless transaction: Modes, advantages and disadvantages

Author(s)
N Ramya, D Sivasakthi and M Nandhini
Abstract
The RBI and the Government are making several efforts to reduce the use of cash in the economy by promoting the digital/payment devices including prepaid instruments and cards. RBI’s effort to encourage these new varieties of payment and settlement facilities aims to achieve the goal of a ‘less cash’ society. With limited cash in hand and an indefinite crunch in sight, most people are rushing to cashless transactions. Digital transactions bring in better transparency, scalability and accountability. The new move will compel more merchants to accept digital money. Cash may no longer be king.
Pages: 122-125  |  1606 Views  172 Downloads
How to cite this article:
N Ramya, D Sivasakthi, M Nandhini. Cashless transaction: Modes, advantages and disadvantages. Int J Appl Res 2017;3(1):122-125.
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International Journal of Applied Research