International Journal of Financial Management and Economics
  • Printed Journal
  • Indexed Journal
  • Refereed Journal
  • Peer Reviewed Journal
E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
Vol. 6, Issue 2 (2023)

Cashless economy: A game changer


Jyoti Prasad

Be cashelss to make the tension less. A cashless is such economy in which various transections are carried out through digital platform. Cashless economy is a system by which digital transection have taken completely over physical cash. Cashless economy is such economy where maximum transact tions 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 : 195-197 | 18 Views | 15 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Jyoti Prasad. Cashless economy: A game changer. Int J Finance Manage Econ 2023;6(2):195-197. DOI: 10.33545/26179210.2023.v6.i2.455
close Journals List Click Here Other Journals Other Journals
International Journal of Financial Management and Economics
Call for book chapter