India has a high ratio of cash to GDP compared to other large economies like China and Brazil, with less than 5% of payments happening electronically. The government wants to promote a cashless economy to increase accountability in the money flow, reduce the black economy, and bring more people into the banking system. Newer digital payment methods like prepaid wallets and mobile banking are becoming more popular in India, along with traditional inter-bank money transfer systems and credit/debit cards, as the country works to transition to a largely cashless economy.
What is Cashless Economy ? Advantages, Disadvantages, Different Cashless payment methods, internet banking, plastic money, e-wallet, Point of sale, how to secure your cashless payment, future of cashless payment.
By making our country go digital we can only see a nation rid of corruption and fake notes. There is hardly a way to freeze black money in a unidentifiable source.As the country moves towards a cashless environment after demonetisation, the initial awe and confusion have given way to a flurry of concerns.
Cashless Society (Cashless Economy, Online Transactions, is india moving towa...Jeet Amrutiya
Pros and cons of cashless society.........
India's current Position on cashless
Is india moving towards this or not.......
How demonetization affected ........
What is Cashless Economy ? Advantages, Disadvantages, Different Cashless payment methods, internet banking, plastic money, e-wallet, Point of sale, how to secure your cashless payment, future of cashless payment.
By making our country go digital we can only see a nation rid of corruption and fake notes. There is hardly a way to freeze black money in a unidentifiable source.As the country moves towards a cashless environment after demonetisation, the initial awe and confusion have given way to a flurry of concerns.
Cashless Society (Cashless Economy, Online Transactions, is india moving towa...Jeet Amrutiya
Pros and cons of cashless society.........
India's current Position on cashless
Is india moving towards this or not.......
How demonetization affected ........
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
how the idea of cashless India got importance and the steps towards cashless India. challenges for cashless India and how far it is possible to achieve.
As ordinary Indians, what can we contribute to make our country more cash efficient? We need to understand the cashless ecosystem first. Here is an attempt to understand the cashless options and how to go cashless.
Demonitization has activated interest in cashless transaction and how technology can help it in India. This presentation explores one such possibility without any hassel
As more and more transactions go digital, or plastic so to say, we look towards the future with a model that does away with currency notes and coins altogether and yet keeps alive the essential principle that money serves, without attaching any tangibility to it.
As the road to a wider cashless society has started to take shape globally, this research identified the countries that would profit most from a cashless world, including U.S., Netherlands, Japan, Germany, France, Belgium, Spain, Czech Republic, China and Brazil.
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
how the idea of cashless India got importance and the steps towards cashless India. challenges for cashless India and how far it is possible to achieve.
As ordinary Indians, what can we contribute to make our country more cash efficient? We need to understand the cashless ecosystem first. Here is an attempt to understand the cashless options and how to go cashless.
Demonitization has activated interest in cashless transaction and how technology can help it in India. This presentation explores one such possibility without any hassel
As more and more transactions go digital, or plastic so to say, we look towards the future with a model that does away with currency notes and coins altogether and yet keeps alive the essential principle that money serves, without attaching any tangibility to it.
As the road to a wider cashless society has started to take shape globally, this research identified the countries that would profit most from a cashless world, including U.S., Netherlands, Japan, Germany, France, Belgium, Spain, Czech Republic, China and Brazil.
From introduction to insight of different statistics about going cashless with digital transactions. The business models along with pros and cons of digital transactions for your business.
Going cashless with digital transactions is talk of each town in India. To educate common people and business owners of India, we organised a free webinar in which audience communicated with the domain experts.
Cashless economy is an economic system in which there islittle or very low cash flow in a society and goods and services are purchase andpaidamountthrough electronic media. Cashless economy is the economy in which transactions are made by debit cards, credit cards,e-wallet,chequesor direct transfer from one account to anotherthrough e-banking.According to Government of India the cashless transactions will maximizeemploymentopportunities in the economy, avoidcash related robbery thereby minimizingrisk of carrying physical cash. Cashless transactions will also decreasecash related corruption and attract morenumber of foreign investors to the country.The present study focuses on concept and methods of cashless transactionsin India. Besides, the study examines the benefitsand limitationsof cashless economy to the general public.
Cashless Transaction the Move towards Green Economyijtsrd
India is one of the fastest growing economy in the world with 6.1 percentage in 2019 and the 5th largest economy in terms of Nominal GDP. India is also a youngest country of the world with the average age of Indian is 27 years and due to this the industries are growing very high in India which lead’s more carbon emission and less greenery and taking this all in to the consideration India need to take some step to promote greenery and sustainable development even into economy. Keeping this in mind the Indian government is promoting Cashless Economy. The digital or cashless transactions has been started in India early 21st century with the launch on RTGS, NEFT, online banking. But it has been started being popular when E commerce and the Digital wallet is introduced among Elite Youth. On 8th of November 2016 the government of India has introduced Demonetisation on Old Indian currency of Rs.500 and 1000 Rupee Bank Note which boost cashless transaction in India. Initially there is lot of confusion about digital transaction benefits and drawbacks. The government is promoting digital transaction by promoting various digital platform like UPI, BHIM App. Dr. Kamlesh Kumar | Rohit Gupta | Prof. Sudhir Kr Sahu "Cashless Transaction the Move towards Green Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47809.pdf Paper URL: https://www.ijtsrd.com/management/business-economics/47809/cashless-transaction-the-move-towards-green-economy/dr-kamlesh-kumar
A Cashless Economy Challenges and Opportunitiesijtsrd
Going cashless not only eases one’s life but also helps authenticate and formalize the transactions that are done. This helps to curb corruption and the flow of black money which results in an increase of economic growth. The expenditure incurred in printing and transportation of currency note is reduced. In a nation like India, cashless transactions are not widespread, and this is due to the technology gap and the lack of proper awareness and education. Though these are the matters of concern, the government or the financial institution need to address them to create a strong cashless economy. Dr. Vidhya Rajagopalan "A Cashless Economy: Challenges & Opportunities" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38611.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/38611/a-cashless-economy-challenges-and-opportunities/dr-vidhya-rajagopalan
A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties.[2] Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using digital currencies such as bitcoin. However this article discusses and focuses on the term "cashless society" in the sense of a move towards, and implications of, a society where cash is replaced by its digital equivalent - in other words, legal tender (money) exists, is recorded, and is exchanged only in electronic digital form.
The growing use of plastic money (Debit, Credit, Gift cards and ATM): Indian ...Sanjay Kumar
The presentation brief you about the technological advancement of payment method through out the world and status of India. More about recent changes in payment system, its effects on economy, possible threats, pros and cons of online system.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
2. What is a cashless economy and where does India
stand?
•A cashless economy is one in which all the transactions are done using cards or digital means. The circulation
of physical currency is minimal.
•India uses too much cash for transactions. The ratio of cash to gross domestic product is one of the highest in
the world—12.42% in 2014, compared with 9.47% in China or 4% in Brazil.
•Less than 5% of all payments happen electronically
•The number of currency notes in circulation is also far higher than in other large economies. India had 76.47
billion currency notes in circulation in 2012-13 compared with 34.5 billion in the US.
•Some studies show that cash dominates even in malls, which are visited by people who are likely to have
credit cards, so it is no surprise that cash dominates in other markets as well.
3.
4. Is India Becoming A Cashless Economy?
• The government wants India to be a cashless
economy: the move towards a cashless economy
is a move towards greater accountability towards
the flow of money, reduction in black economy
and bringing more people into the banking
system.
• The retail electronic payment space in India is
dominated by inter-bank money transfer modes
like NEFT or National Electronic Fund transfer,
Electronic clearing system, and credit and debit
cards. Newer modes of payment like prepaid
wallets along with mobile banking are becoming
popular.
