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VOL. 5, ISSUE 3 (2023)
Transactions without cash - ITS methods and benifits
Authors
Dr. Sonia Narula
Abstract
In these present days without transactions, we
cannot survive in business. Most of the payments are done in cash. In order to
avoid BLACK MONEY transactions, we all should go for cashless transactions. Going
are the days when we are using only cash as a medium of transactions. With the
technological advancements various methods were introduced to make the payments
easily. Cashless economy means a situation where all the cash inflows and
outflows are done through the advanced technology such as debit cards, credit
cards etc. But every method has certain pros and cons. This is a conceptual
paper which help the reader to understand the meaning, methods and benefits of
the concept. This paper is based on secondary data.
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Pages:9-11
How to cite this article:
Dr. Sonia Narula "Transactions without cash - ITS methods and benifits". International Journal of Commerce and Economics, Vol 5, Issue 3, 2023, Pages 9-11
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