2022, Vol. 3, Issue 2, Part B
Cashless economy in India: Need of the day
Author(s): Dr. SK Thakur
Abstract: Cashless economy is such economy where maximum transactions are done through digital means like credit cards. Debit cards, e-wallets and electronic fund transfer. India uses more much cash for transactions. India faces many challenges in setting up a cashless economy like: lack of digital infrastructure, cyber security and financial literacy, high cash dependency etc. minister, in 2016 budget speech, talked about the idea of making India cashless society. The leading advantage of building a cashless economy is to negate black money. Digitalization of transactions is the best way to move towards cashless economy.
Pages: 130-131 | Views: 58 | Downloads: 24
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How to cite this article:
Dr. SK Thakur. Cashless economy in India: Need of the day. Asian J Manage Commerce 2022;3(2):130-131.
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