Post
Topic
Board Economics
Re: Cashless Economy: Is Society ready for transformation?
by
finaleshot2016
on 24/09/2020, 13:58:50 UTC
Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!

Not yet I guess, even though India's technology advances are really notable; that transformation is still not yet available since people are not fully knowledgeable about what could happen if they transition into being Cashless. It would still be good to do both Cashless and with Cash transactions since people might see that it would be better to do cashless since it would bring less hassle by carrying cash and the fear of being robbed.
I guess even an advanced country, it'll be difficult to implement a cashless society. The cashless society will take a lot of time before they implemented it. We need a new generation of people who is capable of understanding the advancement of technology, that's the time where they will implement the cashless society. Even a simple payment app is difficult for some people, what more if they implement a fully cashless system? it's not easy to handle.