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CASHLESS
ECONOMY
about
history
method
growth
future
crypto
about
history
method
s
growth
future
crypto
WHAT IS CASHLESS ECONOMY
It is an economy in which transactions of cash are
carried less whereas most of the transactions are
carried out on the basis of credit cards, debit cards, e-
wallets or any digital payments. This method is much
cheaper as compared to payment in cash as it avoids
overprinting of money for circulation in economy.
about
about
history
method
s
growth
future
crypto
01.04.17
3
28.12.1
6
2
08.11.1
6
1
BAN OF
CURRENCY
NOTES
PM
ANNOUNCED
BAN OF 500
AND 1000
NOTES
SPECIALISED
BANK
NOTES
IT WAS ISSUED
ON 28 DEC
2016 BY RBI
MOTIVE
ACCORDING TO
THE REPORT OF
RBI IT WAS DONE
TO REDUCE BLACK
MONEY AND MAKE
DIGITAL INDIA
DEMONITIZATION
about
history
method
s
growth
future
crypto
UPI PAYMENTSQR CODE AADHAR
ENABLED
PAYMENTS
METHODS OF CARRYING OUT E-
TRANSACTIONS
ONLINE/MOBI
LE BANKING
NEFT/RTGS
THESE ARE FEW OF THE METHODS OF CARRYING OUT DIGITAL
PAYMENTS OTHER INCLUDE CHEQUE/DEMAND DRAFT, DEBIT/CREDIT
CARD,DIGITAL CURRENCY LIKE CRYPTO etc..
about
history
method
s
growth
future
Crypto
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2005 2010 2015 2020 2025
DIGITAL PAYMENT:-THE GROWTH JOURNEY
DIGITAL CASH OTHER PAPER
India’s digital payments story is akin to none. This revolution prevailed over other
nations gradually due to demonetization move launched on 08/11/16. Further,
cashless transactions also encouraged people to purchase more, thereby,
contributing to the economic growth. Experts opine that this transformation has
the potential to take India closer to its dream of becoming an economic
superpower by ensuring transparency and accountability in the system and
about
history
method
s
growth
future
crypto
future
Payment in whatsapp is officially
available.
about
history
method
s
growth
future
CAN CRYTPO CURRENCY HELP IN
IT?
CBDC stands for Central Bank
Digital Currency
It’s a debatable topic that “CAN CRYPTO-
CURRENCY HELP IN MAKING INDIA A DIGITAL
COUNTRY” some say yes others say no but right
now , central banks around the world are
scrambling to create their own digital currencies
(CBDCs) that will meet these requirements. Their
surveys show that privacy has emerged as a top
concern among citizens and bankers. One or
more stablecoins may emerge that can also meet
the requirements. It’s up to us – the community –
to ensure that the right instruments are adopted.
about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
0 10 20 30 40 50 60 70 80
Habit to use cash
complexity of using
lack of compelling
inertia of non cash
offers from other methods
fraud/hidden charges
reach
KEY BARRIER TO DIGITAL PAYMENTS
about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
Pros/Co
ns
Pros/Cons
It is
transparent
and
accountable
Tax evasion
will be reduced
Corruption will
be abridged
Eco friendly
economy
Illiteracy is the primary
hindrance to digital India
Increasing rate of cyber
fraud
Poor infrastructure
issues
Various surcharges and
taxes
about
history
method
s
growth
future
crypto
8M
Add Some Brief
Text Here to
Explain
6M
Add Some Brief
Text Here to
Explain
7M
Add Some Brief
Text Here to
Explain
barrier
Pros/Co
ns
Pros/Cons
It is
transparent
and
accountable
Tax evasion
will be reduced
Corruption will
be reduced
Eco friendly
economy
Illiteracy is the primary
hindrance to digital India
Increasing rate of cyber
fraud
Poor infrastructure
issues
Various surcharges and
taxes
Thank
you
PRESENTED BY:-
MADHAV,TANISHKA,VARUN,MINK
AL.
XII-C

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XII-C CASHLESS INDIA.pptx

  • 2. about history method s growth future crypto WHAT IS CASHLESS ECONOMY It is an economy in which transactions of cash are carried less whereas most of the transactions are carried out on the basis of credit cards, debit cards, e- wallets or any digital payments. This method is much cheaper as compared to payment in cash as it avoids overprinting of money for circulation in economy. about
  • 3. about history method s growth future crypto 01.04.17 3 28.12.1 6 2 08.11.1 6 1 BAN OF CURRENCY NOTES PM ANNOUNCED BAN OF 500 AND 1000 NOTES SPECIALISED BANK NOTES IT WAS ISSUED ON 28 DEC 2016 BY RBI MOTIVE ACCORDING TO THE REPORT OF RBI IT WAS DONE TO REDUCE BLACK MONEY AND MAKE DIGITAL INDIA DEMONITIZATION
  • 4. about history method s growth future crypto UPI PAYMENTSQR CODE AADHAR ENABLED PAYMENTS METHODS OF CARRYING OUT E- TRANSACTIONS ONLINE/MOBI LE BANKING NEFT/RTGS THESE ARE FEW OF THE METHODS OF CARRYING OUT DIGITAL PAYMENTS OTHER INCLUDE CHEQUE/DEMAND DRAFT, DEBIT/CREDIT CARD,DIGITAL CURRENCY LIKE CRYPTO etc..
  • 5. about history method s growth future Crypto 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2005 2010 2015 2020 2025 DIGITAL PAYMENT:-THE GROWTH JOURNEY DIGITAL CASH OTHER PAPER India’s digital payments story is akin to none. This revolution prevailed over other nations gradually due to demonetization move launched on 08/11/16. Further, cashless transactions also encouraged people to purchase more, thereby, contributing to the economic growth. Experts opine that this transformation has the potential to take India closer to its dream of becoming an economic superpower by ensuring transparency and accountability in the system and
  • 7. about history method s growth future CAN CRYTPO CURRENCY HELP IN IT? CBDC stands for Central Bank Digital Currency It’s a debatable topic that “CAN CRYPTO- CURRENCY HELP IN MAKING INDIA A DIGITAL COUNTRY” some say yes others say no but right now , central banks around the world are scrambling to create their own digital currencies (CBDCs) that will meet these requirements. Their surveys show that privacy has emerged as a top concern among citizens and bankers. One or more stablecoins may emerge that can also meet the requirements. It’s up to us – the community – to ensure that the right instruments are adopted.
  • 8. about history method s growth future crypto 8M Add Some Brief Text Here to Explain 6M Add Some Brief Text Here to Explain 7M Add Some Brief Text Here to Explain barrier 0 10 20 30 40 50 60 70 80 Habit to use cash complexity of using lack of compelling inertia of non cash offers from other methods fraud/hidden charges reach KEY BARRIER TO DIGITAL PAYMENTS
  • 9. about history method s growth future crypto 8M Add Some Brief Text Here to Explain 6M Add Some Brief Text Here to Explain 7M Add Some Brief Text Here to Explain barrier Pros/Co ns Pros/Cons It is transparent and accountable Tax evasion will be reduced Corruption will be abridged Eco friendly economy Illiteracy is the primary hindrance to digital India Increasing rate of cyber fraud Poor infrastructure issues Various surcharges and taxes
  • 10. about history method s growth future crypto 8M Add Some Brief Text Here to Explain 6M Add Some Brief Text Here to Explain 7M Add Some Brief Text Here to Explain barrier Pros/Co ns Pros/Cons It is transparent and accountable Tax evasion will be reduced Corruption will be reduced Eco friendly economy Illiteracy is the primary hindrance to digital India Increasing rate of cyber fraud Poor infrastructure issues Various surcharges and taxes Thank you PRESENTED BY:- MADHAV,TANISHKA,VARUN,MINK AL. XII-C